Market Overview

UPDATE: Goldman Sachs Downgrades Humana to Sell on Healthcare Reform Headwinds

Share:
Related HUM
Healthways Up 100% In The Last Month, But UBS Says Sell
Argus Talks Humana-Aetna Deal Uncertainty, Raises EPS Estimates For Humana
ObamaCare Is Overpaying Insurers, Government Auditor Says (Investor's Business Daily)

Goldman Sachs lowered its rating on Humana (NYSE: HUM) from Neutral to Sell.

Goldman Sachs said, "With this report, we downgrade Humana to Sell from Neutral, reflecting that the company derives a majority of its earnings, by our estimate, from the MA products that face significant headwinds and uncertainties as funding and other changes from health reform roll through. We think this will make P/E multiple recovery (expansion) difficult for HUM and there is downside risk to earnings as we enter the critical phase of MA payment transitions in 2014-2017. That said, our Sell rating on HUM is relative to our Neutral coverage view of Managed Care."

Humana closed at $76.16 on Tuesday.

Latest Ratings for HUM

DateFirmActionFromTo
Sep 2016Evercore ISI GroupInitiates Coverage onBuy
Aug 2016Credit SuisseMaintainsNeutral
Aug 2016JefferiesMaintainsBuy

View More Analyst Ratings for HUM
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (HUM)

View Comments and Join the Discussion!