Report
Jake Strole
EUR 100.00 For Business Accounts Only

Reassessing Our Managed-Care Coverage; Moat, Trend, and Fair Value Changes Across the Board

We've taken a fresh look at the managed-care industry and have come away a bit more constructive on health insurers broadly. We're raising our moat ratings for UnitedHealth and Cigna to wide and narrow from narrow and none, respectively. Additionally, we're revisiting our industrywide negative moat trend outlook and bumping United to stable. For CVS and Cigna, we’ve assigned positive trend ratings, largely attributable to the competitive benefits we expect each business to achieve through their ...
Underlying
CVS Health Corporation

CVS Health is a health company. The company's segments are: Pharmacy Services, which provides a range of pharmacy benefit management solutions, including plan design offerings and administration, formulary management, and retail pharmacy network management services; Retail/Long-Term Care (LTC), which sells prescription drugs and general merchandise, including over-the-counter drugs, provides health care services through its MinuteClinic? walk-in medical clinics and conducts LTC pharmacy operations; and Health Care Benefits, which provides a range of voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jake Strole

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