Market Overview

UPDATE: Jefferies & Company Upgrades Health Net to Hold, Raises PT

Related HNT
UBS Downgrades Molina Healthcare Following Q1 Miss
Benzinga's Volume Movers

In a report published Friday, Jefferies & Company upgraded its rating on Health Net (NYSE: HNT) to Hold, and raised its price target from $17.00 to $26.00.

Jefferies noted, “HNT's pricing agreement with California officials is a substantial risk mitigator. It narrows downside earnings risk, improves 2013 EPS, and addresses two key risks (SPDs; Duals) that were elements of our Underperform thesis. HNT is also making progress on a third concern, Commercial performance. We are upgrading to Hold and raising our PT to $26 on the improved outlook. This note analyzes scenarios for 2013 EPS that range to mid-$2.”

Health Net closed on Thursday at $25.35.

Latest Ratings for HNT

Nov 2015SusquehannaMaintainsNeutral
Aug 2015BMO CapitalMaintainsMarket Perform
Aug 2015BarclaysMaintainsUnderweight

View More Analyst Ratings for HNT
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Upgrades Analyst Ratings


Related Articles (HNT)

View Comments and Join the Discussion!

Partner Center