TriZetto posts
FeedPosted Apr 14th 2008 12:04PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, General Electric (GE)
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MOST NOTEWORTHY: First Financial, TriZetto and General Electric were today's noteworthy downgrades:
- Keefe Bruyette downgraded shares of First Financial (NASDAQ: FFBC) to Underperform from Market Perform on valuation, as they believe the stock trades at a premium to the group despite limited upside to normalized earnings and near term revenue headwinds.
- TriZetto (NASDAQ:TZIX) was cut at Jefferies to Hold from Buy based on Friday's go-private announcement, as they view the $22 deal price as fair.
- General Electric (NYSE: GE) was downgraded to Peer Perform from Outperform at Bear Stearns and to Perform from Outperform at Oppenheimer following the company's earnings miss and reduced guidance.
OTHER DOWNGRADES:
- Deustche Bank downgraded SPX Corp (NYSE: SPW) to Hold from Buy.
- Morgan Stanley cut British Airways (OTC:BAIRY) to Underweight from Equal Weight.
- Cymer (NASDAQ: CYMI) was lowered at Credit Suisse to Underperform from Neutral.
Posted Apr 11th 2008 8:26AM by Jon Ogg (RSS feed)
Filed under: Deals, Apax Partners, Private equity industry
TriZetto Group Inc. (NASDAQ: TZIX) is
being acquired by private equity firm Apax Partners. The private equity group will acquire this health-care software company for about $1.4 billion, or $22.00 per share.
What is interesting in this deal is that BlueCross BlueShield of Tennessee and The Regence Group, both of which are customers of TriZetto, are providing some funding in the deal. That portion was not disclosed, although they will be equity investors in the newly private company. Regence is a combination of several BlueCross BlueShield operations in the U.S.
Apax partners has some $35 Billion "in funds under advice according to the company. Trizetto provides IT solutions that enable payers and other constituents in the healthcare supply chain to improve the coordination of benefits and care for healthcare consumers.
See
the full story at 247WallSt.com.
Posted Aug 22nd 2007 10:50AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Analyst Reports, Federal Natl Mtge (FNM), Analyst Initiations, Stocks to Buy, Stocks to Sell
MOST NOTEWORTHY: Riverbed Technology (RVBD), Silicon Storage (SSTI), Regal Entertainment (RGC), Fannie Mae (FNM) and Freddy Mac (FRE) were today's more noteworthy initiations:
- CIBC initiated shares of Riverbed Technology (NASDAQ: RVBD) with a Sector Performer rating, citing valuation. The firm believes the mobile opportunity is a wild card, and cites increased Cisco Systems (CSCO) risk.
- Silicon Storage (NASDAQ: SSTI) as announced several new products in late 2006 and 1H07 with shipments expected to start in 2H07 along with significant revenues in 2008; Barrington initiated shares with a Market Perform rating.
- Ferris Baker Watts initiated Regal Entertainment (NYSE: RGC) with a Neutral rating, seeing annual top-line growth only in the low- to mid-single digits.
- Fox-Pitt Kelton believes both Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are finally set to emerge from restatement issues with new accounting procedures and operating systems in place, initiating both companies with an Outperform rating...
OTHER INITIATIONS:
- Needham initiated Tennant (NYSE: TNC) with a Buy rating.
- CIBC started Centene (NYSE: CNC) with a Sector Performer rating.
- Deutsche initiated Thomson (NYSE: TOC) with a Buy rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Jun 19th 2007 11:31AM by Kevin Shult (RSS feed)
Filed under: Before the Bell, Time Warner (TWX), Walt Disney (DIS), Viacom (VIA), News Corp'B' (NWS), Analyst Initiations
MOST NOTEWORTHY: Atheros Communications (ATHR), Analog Devices (ADI), Omniture (OMTR) and TriZetto Group (TZIX) were today's noteworthy initiations:
- Oppenheimer expects a seasonally stronger 2H07 out of Atheros Communications (NASDAQ: ATHR) given continued growth from 802.11n design wins and started shares with a Buy rating.
- AG Edwards believes Analog Devices (NYSE: ADI) has plenty of room to gain additional market share and started shares with a Buy rating.
- Jefferies believes Omniture (NASDAQ: OMTR) is positioned to benefit from the rapid growth of Web analytics, but has near-term valuation concerns, and started shares with a Hold rating.
- Deutsche Bank started TriZetto (NASDAQ: TZIX) with a Buy rating, citing the company's diversified product mix and opportunities to drive adoption rate of consumer-driven health plans for their Buy rating...
OTHER INITIATIONS:
- The Banc of America assumed the entertainment sector with a Market Weight rating and assumed coverage of Time Warner (NYSE: TWX) and News Corp (NYSE: NWS.A) with Buy ratings and a $25 target and $26 target, respectively, as well as The Walt Disney Co (NYSE: DIS) and Viacom (NYSE: VIA.B) with Neutral ratings and a $37 target and $43 target, respectively.
- JP Morgan started Big Lots (NYSE: BIG) with a Neutral rating.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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