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UPDATE: Bank Of America Reiterates On Humana Following Investor Day

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In a report published Friday, Bank of America analyst Kevin Fischbeck reiterated a Neutral rating on Humana (NYSE: HUM), and raised the price target from $146.00 to $150.00.

In the report, Bank of America noted, “Yesterday HUM held its biennial Investor Day. Overall, the tone was positive but the company stopped short of blessing the market's view that there would be a dramatic earnings ramp in 2016, and instead shifted the conversation to the company's capabilities and positioning over a longer horizon. This is likely a function of typical management conservatism around unknown 2016 MA rates, with the company reiterating prior comments that it is willing to target a modestly lower pretax margin if it will drive enrollment meaningfully higher and maximize total gross profit dollars over the LT. Overall, we came away incrementally more positive, as HUM's STARS and trend benders should allow it to offset potential rate pressure in the ST and continue to position for strong MA growth and we are raising our PO to $150.”

Humana closed on Thursday at $141.12.

Latest Ratings for HUM

DateFirmActionFromTo
Jan 2021RBC CapitalUpgradesSector PerformOutperform
Nov 2020SVB LeerinkMaintainsOutperform
Nov 2020Credit SuisseMaintainsOutperform

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