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Don't Expect Failed Humana Deal To Quash Aetna's Desire For M&A
Wednesday, June 28, 2017 - 12:47pm | 345Analysts at Citi initiates coverage of Aetna Inc (NYSE: AET) with a Buy rating, $180 price target and named to the firm's "Citi Focus List." Aetna should be viewed as a "strong diversified health insurer" that is also well positioned to gain share within the government segment and has "stable...
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Citi Research Raises UnitedHealth Price Target 11% Following Q2 Results
Wednesday, July 20, 2016 - 3:45pm | 262Citing continued earnings momentum and track record of beating earnings expectations, Citi raised its forward earnings estimates and price target for UnitedHealth Group Inc (NYSE: UNH). The actions come on heels of the company's second-quarter results, which beat estimates, and upwardly adjusted...
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Cigna Deal Uncertainty, Healthcare Exchange Concerns 'Overblown' For Anthem
Monday, June 20, 2016 - 6:33pm | 157"While uncertainty around the CIGNA Corporation (NYSE: CI) deal has weighed on Anthem Inc (NYSE: ANTM) shares of late, we believe concern around Exchanges has also held back the stock," Citi analyst Ralph Giacobbe reassured investors in a note Monday. The analyst's claim followed...
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Citi Downgrades Envision Healthcare, Questions Rationale Behind AmSurg Deal
Thursday, June 16, 2016 - 10:13am | 311Citi has downgraded Envision Healthcare Holdings Inc (NYSE: EVHC) to Neutral from Buy following its merger deal with Amsurg Corp (NASDAQ: AMSG). Citi 'Surprised' "We are surprised at the ratio, which essentially values EVHC at 9.7x 2017 EBITDA. While we understand the synergy upside opportunity of...
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Credit Suisse: A Beaten Down Tenet Healthcare 'Still Strong'
Tuesday, February 24, 2015 - 4:40pm | 252Tenet Healthcare Corp (NYSE: THC) shares are down more than 10 percent year-to-date despite a favorable outlook, an analyst said Tuesday. Worries regarding a pending Supreme Court decision on the Affordable Care Act, as well as unmet high expectations have pressured the hospital chain since it...
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UPDATE: Credit Suisse Reiterates Outperform, Raises Price Target On Aetna Following Investor Meetings
Monday, February 23, 2015 - 9:36am | 154In a report published Monday, Credit Suisse analyst Ralph Giacobbe reiterated an Outperform rating on Aetna Inc. (NYSE: AET), and raised the price target from $103.00 to $112.00. In the report, Credit Suisse noted, "We recently hosted investor meetings with AET mgmt including CEO Mark Bertolini and...
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Credit Suisse Reiterates Outperform, Lowers Price Target On HCA Holdings As Guidance Falls Short
Wednesday, February 4, 2015 - 8:52am | 161In a report published Wednesday, Credit Suisse analyst Ralph Giacobbe reiterated an Outperform rating on HCA Holdings (NYSE: HCA), but lowered the price target from $83.00 to $81.00. In the report, Credit Suisse noted, "With 4Q results in-line with preannouncement in early January, focus was on...
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UPDATE: Credit Suisse Raises PT On Community Health Systems On 2015 EBITDA Estimate
Thursday, January 8, 2015 - 11:03am | 96In a report published Thursday, Credit Suisse analyst Ralph Giacobbe reiterated an Outperform rating on Community Health Systems (NYSE: CYH), and raised the price target from $63.00 to $66.00. In the report, Credit Suisse noted, “We are increasing our TP for CYH to $66 (from $63), which pegs an ~8....
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UPDATE: Credit Suisse Raises PT On HCA Holdings On 2015 EBITDA Estimate
Thursday, January 8, 2015 - 11:03am | 94In a report published Thursday, Credit Suisse analyst Ralph Giacobbe reiterated an Outperform rating on HCA Holdings (NYSE: HCA), and raised the price target from $81.00 to $83.00. In the report, Credit Suisse noted, “We are increasing our TP for HCA to $83 (from $81), which pegs a ~9x multiple on...
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UPDATE: Credit Suisse Raises Price Target On Universal Health Services On 2015 EBITDA Estimate
Thursday, January 8, 2015 - 8:31am | 107In a report published Thursday, Credit Suisse analyst Ralph Giacobbe reiterated an Outperform rating on Universal Health Services, Inc. (NYSE: UHS), and raised the price target from $118.00 to $124.00. In the report, Credit Suisse noted, “We are increasing our TP for UHS to $124 (from $...
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UPDATE: Credit Suisse Upgrades LHC Group to Outperform, Sees 2015 As An Inflection
Tuesday, December 9, 2014 - 10:34am | 93In a report published Tuesday, Credit Suisse analyst Ralph Giacobbe upgraded the rating on LHC Group (NASDAQ: LHCG) from Underperform to Outperform, and raised the price target from $22.00 to $32.00. In the report, Credit Suisse noted, “Upgrading LHCG to Outperform (from Underperform), raising...
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UPDATE: Credit Suisse Reiterates On UnitedHealth Group Following Investor Day
Wednesday, December 3, 2014 - 9:25am | 187In a report published Wednesday, Credit Suisse analyst Ralph Giacobbe reiterated an Outperform rating on UnitedHealth Group Inc. (NYSE: UNH), and raised the price target from $95.00 to $110.00. In the report, Credit Suisse noted, “UNH hosted its annual Investor Day in NY and provided detailed 2015...
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Analysts: Humana Growth Outlook 'Impressive'
Monday, November 10, 2014 - 3:20pm | 315Humana Inc's (NYSE: HUM) business fundamentals are solid despite its 19 percent decline in third-quarter earnings, an analyst said Monday. Its shares took a significant hit Friday when it posted quarterly results and offered a 2015 outlook below expectations. Humana traded recently at $132....
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UPDATE: Credit Suisse Reiterates On Humana On Model Update Post 3Q14
Monday, November 10, 2014 - 9:21am | 104In a report published Monday, Credit Suisse analyst Ralph Giacobbe reiterated a Neutral rating on Humana Inc (NYSE: HUM), and raised the price target from $123.00 to $140.00. In the report, Credit Suisse noted, “We have revisited our HUM model following 3Q14 results. We have lowered our 2014E EPS...
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UPDATE: Credit Suisse Reiterates On CIGNA Corporation Following Investor Meetings
Friday, September 5, 2014 - 8:40am | 150In a report published Friday, Credit Suisse analyst Ralph Giacobbe reiterated an Outperform rating on CIGNA Corporation (NYSE: CI), and raised the price target from $97.00 to $105.00. In the report, Credit Suisse noted, “We hosted investor meetings with CI through Boston yesterday. We would...