Morgan Stanley upgraded its rating of Humana HUM to Overweight with a price target of $549.00, changing its price target from $494.00 to $549.00.
Shares of Humana are trading up 0.97% over the last 24 hours, at $505.92 per share.
A move to $549.00 would account for a 8.52% increase from the current share price.
Humana is one of the largest private health insurers in the U.S. with a focus on administering Medicare Advantage plans. The firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from individual and group Medicare Advantage, Medicaid, and the military's Tricare program. The firm is also a leader in stand-alone prescription drug plans for seniors enrolled in traditional fee-for-service Medicare. Humana offers employer-based plans primarily for small businesses along with specialty insurance offerings such as dental, vision, and life. Beyond medical insurance, the company provides other healthcare services, including primary-care services, at-home services, and pharmacy benefit management.
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