Deutsche Bank Weighs In on SCOTUS Healthcare Ruling
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Price: $62.06 -0.48%
Rating Summary:
14 Buy, 4 Hold, 0 Sell
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Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
14 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade UNH Now!
Analysts at Deutsche Bank weighed-in on Medicaid companies following the Supreme Court's landmark ruling to uphold Obamacare.
The firm said, at first glance it is a "net positive although it appears the Court has decided that States may choose to opt out of the expansion without having their Medicaid funds for pre-expansion populations withheld. Some of the Red States as a result may decide to not move forward with their Medicaid expansions. So the risk for Medicaid names is that a major state like Texas or Florida could come out shortly and announce that they are not going to participate in the Medicaid expansion."
The firm's top picks in the sector are (NYSE: UNH), (NYSE: CI), & (NYSE: AGP). We would consider any weakness today as a particularly attractive opportunity to be buyers of UNH and CI shares. We also have lower conviction Buy ratings on (NYSE: WLP), (NYSE: AET) and (Nasdaq: MGLN). We retain our Sell ratings on (NYSE: CVH) & (NYSE: HNT) shares.
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The firm said, at first glance it is a "net positive although it appears the Court has decided that States may choose to opt out of the expansion without having their Medicaid funds for pre-expansion populations withheld. Some of the Red States as a result may decide to not move forward with their Medicaid expansions. So the risk for Medicaid names is that a major state like Texas or Florida could come out shortly and announce that they are not going to participate in the Medicaid expansion."
The firm's top picks in the sector are (NYSE: UNH), (NYSE: CI), & (NYSE: AGP). We would consider any weakness today as a particularly attractive opportunity to be buyers of UNH and CI shares. We also have lower conviction Buy ratings on (NYSE: WLP), (NYSE: AET) and (Nasdaq: MGLN). We retain our Sell ratings on (NYSE: CVH) & (NYSE: HNT) shares.
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