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Morgan Stanley Reiterates Equal-Weight on Aetna
Thursday, August 4, 2011 - 5:59am | 47Morgan Stanley reiterated its Equal-weight rating on Aetna (NYSE: AET). At the moment, the rating agency does not have a price target placed on the company's stock. On Wednesday, AET added 0.08% to its value to finish the day at $39.20.
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Bank of America Raises PO On WellCare Health Plans To $58
Thursday, August 4, 2011 - 5:59am | 29Bank of America has raised the price objective on WellCare Health Plans (NYSE: WCG) from $53 to $58 and maintains its Neutral rating.
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Morgan Stanley Reiterates Overweight and PT of $39 on Coventry Health
Thursday, August 4, 2011 - 5:56am | 58Morgan Stanley reiterated its Overweight rating on Coventry Health (NYSE: CVH). At the same time, the rating agency left its price target on the company's stock unchanged at $39. On Wednesday, CVH added 1.59% to its value to finish the day at $31.34. Its shares fell 1.18% in today's pre-market...
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UPDATE: Cigna Reports 39% Surge In Q2 Profit
Thursday, August 4, 2011 - 5:24am | 74Cigna Corp (NYSE: CI) reported a 39% rise in its second quarter profit. Cigna's quarterly profit surged to $408 million, or $1.50 per share, from $294 million, or $1.06 per share, in the year-ago period. Its adjusted profit came in at $1.53 per share. The company's consolidated revenue climbed to...
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Earnings Scheduled For August 4
Thursday, August 4, 2011 - 2:53am | 495Alpha Natural Resources Inc (NYSE: ANR) is expected to report its Q2 EPS at $1.12 on revenue of $1.47 billion. Kraft Foods Inc (NYSE: KFT) is projected to report its Q2 EPS at $0.58 on revenue of $13.15 billion. CIGNA Corporation (NYSE: CI) is estimated to report its Q2 EPS at $1.29 on revenue of...
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UPDATE: Bank of America Downgrades Molina Healthcare from Buy to Underperform
Wednesday, August 3, 2011 - 9:09am | 112Bank of America has published a report on Molina Healthcare (NYSE: MOH) Downgrading the stock from Buy to Underperform and lowering the price target to $18.00. In the report, Bank of America wrote, "We are downgrading MOH shares to Underperform (from Buy) with a view that balance sheet reserves...
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UPDATE: Bank of America Downgrades Amerigroup from Buy to Underperform
Wednesday, August 3, 2011 - 9:04am | 94Bank of America has published a research report on Amerigroup Corp (NYSE: AGP) downgrading the company's stock and lowering the price target. In the report, Bank of America wrote, "We are waiting for EPS estimates to reset lower. Shares trade at 13x our 2012 EPS estimate, a 5% discount to...
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Bank of America Downgrades AMERIGROUP To Underperform, Lowers PO To $46
Wednesday, August 3, 2011 - 7:58am | 28Bank of America has downgraded AMERIGROUP (NYSE: AGP) from Buy to Underperform and has cut the price objective from $80 to $46.
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Bank of America Downgrades Molina Healthcare To Underperform, Lowers PO To $18
Wednesday, August 3, 2011 - 7:57am | 29Bank of America has downgraded Molina Healthcare (NYSE: MOH) from Buy to Underperform and has lowered the price objective from $30 to $18.
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Jefferies Comments on Metrics at HealthSpring
Wednesday, August 3, 2011 - 6:30am | 152Jefferies has published a report on HealthSpring (NYSE: HS) reviewing the company's position in the market. In the report, Jefferies wrote, "Yesterday was another example of MCO share price movements decoupling from fundamentals. HS had a stellar 2Q (EPS beat by 31%) and raised 2011 EPS guidance...
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Goldman Sachs Reiterates Neutral on Humana, Raises PT to $100
Tuesday, August 2, 2011 - 7:58am | 55Goldman Sachs reiterated its Neutral rating on Humana (NYSE: HUM). At the same time, the rating agency raised its price target on the company's stock from $96 to $100. On Monday, Hum closed the day at $72.36. Its shares lost 0.15% of their value in today's pre-market trading to stand around $72.25.
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Pre-Market Gainers
Tuesday, August 2, 2011 - 7:28am | 132Hyatt Hotels (NYSE: H) +13.52% on upbeat earnings. SM Energy (NYSE: SM) +11.62% on upbeat earnings. AMERIGROUP (NYSE: AGP) +8.20% on Stifel Nicolaus upgrade to Buy. Foster Wheeler (NASDAQ: FWLT) +5.86% on upbeat earnings. Synchronoss Technologies (NASDAQ: SNCR) +7.06% on upbeat earnings...
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Molina Healthcare of Texas Awarded Medicaid Contracts
Tuesday, August 2, 2011 - 7:26am | 142Molina Healthcare, Inc. (NYSE: MOH) earlier today announced that its wholly owned subsidiary, Molina Healthcare of Texas, Inc., has been tentatively awarded Medicaid managed care contracts by the Texas Health and Human Services Commission. The contract awards by HHSC are for the STAR, STAR+PLUS...
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Citi Reiterates Buy and PT of $13 on Universal American
Tuesday, August 2, 2011 - 7:15am | 47Citi reiterated its Buy rating on Universal American (NYSE: UAM). At the same time, the rating agency left its price target on the company's stock unchanged at $13. On Monday, UAM lost 5.05% of its value to finish the day at $9.03.
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Stifel Nicolaus Upgrades AMERIGROUP To Buy, $62 PT
Tuesday, August 2, 2011 - 7:11am | 26Stifel Nicolaus has upgraded AMERIGROUP Corporation (NYSE: AGP) from Hold to buy and has established a $62 price target.