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Sector roundup: Hospitals, health insurers

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April 29, 2008

Among the sector activity stories for Tuesday, April 29, from AP Financial News:

NEW YORK (AP) -- Hospital stocks declined Tuesday, after a Citi Investment Research analyst began covering hospital operator stocks with "Sell" ratings, citing declining admissions of patients covered by commercial insurance and growing debt.

NEW YORK (AP) -- Shares of Medicade health insurers Amerigroup Corp. and Centene Corp. rose Tuesday, after a Stifel Nicolaus analyst upgraded the stocks to "Buy" from "Neutral," citing improvements in several markets and lower expected expenses for flu and upper respiratory illnesses.

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