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22nd Century Group Reports Q1 Net Sales Of $9M, Up 33% YoY, Net Loss Also Grows
Thursday, May 5, 2022 - 8:46am | 65222nd Century Group, Inc. (NASDAQ: XXII) reported results for the first quarter ended March 31, 2022.. The company will host a live audio webcast on May 5, at 10:00 a.m. ET. First Quarter 2022 Financial Results Net loss was $8.9 million, representing a net loss per share of $(0.05), comparing to...
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Sterne Agee Says Aetna's Growth Prospects Are Strong
Thursday, March 19, 2015 - 10:34am | 116Sterne Agee released a company report on Thursday highlighting Aetna Inc (NYSE: AET). Sterne Agee upgraded Aetna from Neutral to Buy with a $124 price target. Analyst Brian Wright wrote, "We see Aetna as the best positioned within the large-cap health plan space for investors to be positioned to...
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Sterne Agee Analyst Sees Little Upside For UnitedHealth Group
Wednesday, January 21, 2015 - 1:56pm | 176UnitedHealth Group Inc. (NYSE: UNH) investors might be hard-pressed to find further gains in the stock, an analyst said Wednesday. Shares of the company are up nearly 50 percent in the past year, and were trading higher Wednesday on better-than-expected fourth quarter results. But Sterne Agee...
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Sterne Agee: Hospitals Face Trading Risk In Obamacare Case
Friday, January 16, 2015 - 5:48pm | 369Hospital investors faced with uncertainty over pending Supreme Court arguments regarding Obamacare should rest comfortably, an analyst said Friday. Coming before the court in March is whether subsidies for the five million people receiving health insurance through federal exchanges are legal...
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Sterne Agee: Tough Flu Season Helps Hospitals, Hurts Insurers
Friday, January 9, 2015 - 5:30pm | 323Higher levels of influenza in the current season should help to enrich hospital investors while tending to impoverish shareholders of health insurance concerns, an analyst said Friday. Commenting on data from the Centers for Disease Control, Sterne Agee's Brian Wright noted that flu cases...
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Sterne Agee Sees Opportunities With Latest Obamacare Court Challenge
Monday, November 10, 2014 - 10:20am | 335Sterne Agee analyst Brian Wright issued comments Monday on the upcoming Supreme Court review involving the Affordable Care Act, often referred to as Obamacare. "On Friday afternoon, the U.S. Supreme Court (SCOTUS) announced that it will hear the King vs. Burwell case that questions the...
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Sterne Agee Previews Q3 Earnings For Medicaid Plans
Thursday, October 23, 2014 - 11:13am | 380Sterne Agee issued a Medicaid Plan Q3 preview report on Wednesday. Sterne Agee maintained the following ratings, price targets and Q3 EPS estimates: Centene Corp (NYSE: CNC) - Buy, $96 price target, $0.94 EPS Molina Healthcare, Inc. (NYSE: MOH) - Buy, $69 price target, $0.42 EPS...
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Sterne Agee Lowers Rating On Cigna
Wednesday, October 15, 2014 - 2:26pm | 202Sterne Agee lowered its rating on Cigna Corporation (NYSE: CI) from Buy to Neutral in a report issued Tuesday with a $110 price target. Analyst Brian Wright continued to "view CI's international assets as under appreciated," however, he was "increasingly concerned about the...
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UPDATE: Sterne Agee Upgrades WellCare Health Plans
Monday, July 28, 2014 - 4:14pm | 230Sterne Agee analyst Brian Wright upgraded Wellcare Health Plans (NYSE: WCG) from Underperform to Neutral. Wright also lowered his price target and earnings due to outlook that indicates increases in medical care ratio for Medicare Advantage and prescription drug plans. Wright lowered his EPS...
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UPDATE: Sterne Agee Reiterates On UnitedHealth Group On Raised Estimates, Less Near-Term Upside
Monday, July 21, 2014 - 8:45am | 167In a report published Monday, Sterne Agee analyst Brian Wright reiterated an Underperform rating on UnitedHealth Group (NYSE: UNH), and raised the price target from $80.00 to $87.00. In the report, Sterne Agee noted, “While our long-term view is supportive, we continue to expect less near-term...
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UPDATE: Sterne Agee Initiates Coverage On Molina Healthcare As Mean Reversion Is Underway
Friday, June 27, 2014 - 9:18am | 147In a report published Friday, Sterne Agee analyst Brian Wright initiated coverage on Molina Healthcare (NYSE: MOH) with a Buy rating and $69.00 price target. In the report, Sterne Agee noted, “We believe MOH shares do not fully reflect normalized earnings power and investors receive post '15 top-...
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UPDATE: Sterne Agee Initiates Coverage On WellCare Health Plans As Potential Partners Could Dance Elsewhere
Friday, June 27, 2014 - 9:10am | 105In a report published Friday, Sterne Agee analyst Brian Wright initiated coverage on WellCare Health Plans (NYSE: WCG) with an Underperform rating and $76.00 price target. In the report, Sterne Agee noted, “We believe there is a certain element of acquisition expectations embedded in WellCare...
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UPDATE: Sterne Agee Initiates Coverage On Aetna On Less Earnings Power Upside Potential
Friday, June 27, 2014 - 9:09am | 127In a report published Friday, Sterne Agee analyst Brian Wright initiated coverage on Aetna (NYSE: AET) with a Neutral rating and $87.00 price target. In the report, Sterne Agee noted, “Aetna is executing supremely well in a challenging environment. However, we see less earnings power upside...
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UPDATE: Sterne Agee Initiates Coverage On UnitedHealth On Recent Rough Spell
Friday, June 27, 2014 - 9:08am | 166In a report published Friday, Sterne Agee analyst Brian Wright initiated coverage on UnitedHealth Group (NYSE: UNH) with an Underperform rating and $80.00 price target. In the report, Sterne Agee noted, “While the premier company in the industry, even the best have rough patches and we believe this...
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UPDATE: Sterne Agee Initiates Coverage On WellPoint On Positive Bias
Friday, June 27, 2014 - 8:54am | 161In a report published Friday, Sterne Agee analyst Brian Wright initiated coverage on WellPoint (NYSE: WLP) with a Neutral rating and $130.00 price target. In the report, Sterne Agee noted, “WelllPoint shares trade at a discount to long-term sustainable earnings power and reserve growth in 1Q14 was...