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- Cantor Fitzgerald initiated coverage on 15 companies in the Healthcare Services sector. The analysts have a favorable view of payors, acute, outpatient, FemTech, brick-and-mortar alternatives, and opioid abuse treatment centers.
- The analysts have a neutral view on home health and a negative view on inpatient psych. The next few years hold challenges for the payors and acute sectors.
- Cantor initiated coverage on Humana Inc (NYSE:HUM) with an Overweight rating and a price target of $597.
- The analyst views the stock as undervalued, given multiple levers of upside to management's guidance of 14% EPS CAGR 2022-2025, including potential Medicare Advantage (MA) share gains and CenterWell revenue synergies, which could lift core earnings growth above 10%.
- It sees an upside potential to 2023 guidance and 2024 consensus estimates driven by MBR (medical benefit ratio) improvement as a better sales channel mix and comparatively favorable provider negotiations drive better quality in Humana's MA book.
- Also Read: Does Big Pharmacy Managers Fix Prices? Ohio Attorney General Lawsuit Alleges Cigna, Humana Engaged In Price Fixing For Medicines.
- Humana is also well cushioned from potential 2023/2024 provider pricing pressure on network contract renewals.
- Price Action: HUM shares are up 0.27% at $491.65 on the last check Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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