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Earnings Scorecard: WellPoint - Analyst Blog
Tuesday, August 17, 2010 - 11:46am | 1034Following the release of second quarter results on July 28, 2010, the majority of analysts covering WellPoint Inc. (WLP) made upward revisions to their fourth-quarter and 2010 annual estimates. However, third-quarter of 2010 and 2011 annual estimates witnessed more of a downward trend among...
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Triple-S Management Loses Medicaid Business, Stock Tanks (GTS)
Tuesday, August 17, 2010 - 11:45am | 157Shares of Triple-S Management Corp (NYSE: GTS) dropped 15% today after it announced it lost its Medicaid business. Citi analysts seem unfazed, and did not change its price target of $25.00. Citi analysts said, "The bad news is that the Medicaid business accounts for 20% of the company’s health care...
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Lobbying Charges Shrink for Humana - Analyst Blog
Tuesday, August 17, 2010 - 10:04am | 535Humana Inc. (HUM) spent $270,000 during the second quarter 2010 to encourage programs of health promotion or disease prevention. The lobbying charges were down by more than half from the $580,000 spent during the second quarter of 2009, while it increased 9% from $248,000 in the first quarter of...
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Credit Suisse Opens CI With Neutral
Tuesday, August 17, 2010 - 6:22am | 52Analysts at Credit Suisse initiate coverage of CIGNA Corporation (NYSE: CI) with a "neutral" rating. The target price for CI is set to $37. CI’s shares moved down 0.03% to close at $33.37 yesterday. More Analyst Ratings here
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Credit Suisse Opens UNH With Outperform
Tuesday, August 17, 2010 - 5:51am | 52Analysts at Credit Suisse initiate coverage of UnitedHealth Group Inc (NYSE: UNH) with an "outperform" rating. The target price for UNH is set to $41. UNH’s shares fell 0.41% to close at $31.90 yesterday. More Analyst Ratings here
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NASDAQ Stocks Hitting 52-Week Highs (RDCM, WXCO, OPEN, PZZ)
Monday, August 16, 2010 - 1:20pm | 159Radcom Ltd (NASDAQ: RDCM) shares reached $7.30 to create a new 52-week high, before falling to $7.23, representing a 2.55% gain. A major VoIP operator in North America had bought the NGN (Next Generation Networks) Service Assurance solution of RDCM. WHX Corporation (NASDAQ: WXCO) shares jumped 9.00...
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Top Performing Industries For August 16 (PZZ, BBW, VPF, MGN)
Monday, August 16, 2010 - 1:18pm | 216At 12:09 pm, the Dow gained 0.19% to 10,322.90, the broader Standard & Poor's 500 index moved up 0.22% to 1,081.59 and the NASDAQ composite index rose 0.71% to 2,188.92. The industries that are still afloat in the market today are: Medical Practitioners: This industry jumped 11.47% by 12:09 pm...
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Prospect Medical Holdings Rises On Acquisition New
Monday, August 16, 2010 - 11:34am | 84Shares of Prospect Medical Holdings Inc (NASDAQ: PZZ) are rising after the news of its acquisition by Leonard Green & Partners LP. PZZ’s shares rose 37.42% to $8.41 at 10:32 am. PZZ has agreed to be acquired by Leonard Green & Partners LP for $8.50 per share in cash. Prospect Medical...
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Possible Breach of Fiduciary Duty by the Board of Prospect Medical Holdings, Inc
Monday, August 16, 2010 - 10:37am | 230Levi & Korsinsky is investigating the Board of Directors of Prospect Medical Holdings, Inc. (Nasdaq: PZZ) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to an entity sponsored by Leonard Green & Partners, L.P....
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Inflation Still Tame - Analyst Blog
Friday, August 13, 2010 - 12:40pm | 1596The Consumer Price Index (CPI) rose by 0.3% in July after declining in each of the previous three months. While this was slightly higher than the 0.2% that was expected, it is still a very tame reading. On a year-over-year basis, consumer prices are up just 1.2%. Most of the increase in July was...
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Molina Prices Stock Offering - Analyst Blog
Wednesday, August 11, 2010 - 3:10pm | 676Molina Healthcare Inc. (MOH) has priced its underwritten public offering of 4 million shares at $27.00 per share. The stock offering was announced on August 4. According to the offering by Molina and the selling stockholders, the underwriters are given a month’s option to purchase up to 600,000...
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Top Performing Industries For August 11 (LTRE, NFLX, PZZ, NZX)
Wednesday, August 11, 2010 - 11:05am | 226At 10:42 am, the Dow lost 1.88% to 10,444.38, the broader Standard & Poor's 500 index moved down 2.16% to 1,096.90 and the NASDAQ composite index fell 2.44% to 2,221.55. The industries that are performing better than others today are: Education & Training Services: This industry gained 0.43...
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Earnings Scorecard: CVS Caremark - Analyst Blog
Wednesday, August 11, 2010 - 8:46am | 1272Subsequent to the announcement of CVS Caremark’s (CVS) second quarter fiscal 2010 results on July 28, 2010, revision of estimates among analysts depict a downward trend. Second Quarter Highlights CVS Caremark reported an EPS of 60 cents for the second quarter of fiscal 2010, unchanged from the...
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J.P. Morgan Maintains Neutral Rating On Coventry Health Care Inc.
Monday, August 9, 2010 - 11:21am | 102J.P. Morgan has released a research report on Coventry Health Care, Inc (NYSE: CVH) and has reiterated its ‘neutral’ rating on the stock and price target of $26. According to an analyst at J.P. Morgan, shares of Coventry are currently being traded at 8.1x and 7.4x with 2011 and 2012 earnings...
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CIGNA Beats, Ups Outlook - Analyst Blog
Thursday, August 5, 2010 - 5:32pm | 607CIGNA Corp.’s (CI) second quarter earnings of $1.38 per share were substantially ahead of the Zacks Consensus Estimate of $1.01. The results also compare favorably with earnings of $1.14 per share reported last year. Results benefited from improved contribution from Health Care, Disability &...