Morgan Stanley analyst Andrew Schenker has recently initiated coverage on the health insurers sector with an “in-line” rating. "Health reform will drive long-term profitability, but near-term earnings will likely be volatile," he said. "While most managed care organizations should ultimately benefit under reform, we expect some to be winners and some to be challenged next year given the opportunities for enrollment growth, the potential for margin compression, and execution missteps due to reform." Schenker has initiated coverage on Aetna Inc., Cigna Corp., and UnitedHealth Group Inc. with “overweight” ratings, while Centene Corp., Humana Inc., Molina Healthcare Inc. and WellPoint Inc. received “equal-weight” ratings. Also, WellCare Health Plans Inc. received an “underweight” rating.
Centene Corp. (NYSE: CNC) shares traded in the range of $57.01 to $58.58 Friday before settling to close at $58.53, an increase of 2.47 percent. The stock appears to be facing some resistance at the $60.08 and $61.50 levels with some support at $58.16. Shares of Centene have gained approximately 42.0 percent in 2013.
More information on Centene and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CNC
Humana Inc. (NYSE: HUM) shares traded in the range of $99.76 to $101.59 Friday before settling to close at $101.25, an increase of 1.53 percent. The stock appears to have some support at the $99.54, $96.61 and $94.46 levels. Shares of Humana have gained approximately 48.0 percent in 2013.
More information on Humana and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HUM
Molina Healthcare, Inc. (NYSE: MOH) shares traded in the range of $31.29 to $32.76 Friday before settling to close at $32.75, an increase of 3.64 percent. The stock appears to be facing some resistance at the $33.28 and $33.91 levels with some support at $32.10. Shares of Molina Healthcare have gained approximately 20.0 percent in 2013.
More information on Molina Healthcare and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MOH
WellPoint, Inc. (NYSE: WLP) shares traded in the range of $91.14 to $93.11 Friday before settling to close at $93.03, an increase of 1.03 percent. The stock appears to have some support at the $91.84, $89.66 and $89.24 levels. Shares of WellPoint have gained approximately 52.0 percent in 2013.
More information on WellPoint and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WLP
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