Anthem (ANTM) PT Trimmed to $160 at UBS

November 3, 2016 8:21 AM EDT
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Price: $145.88 -0.5%

Rating Summary:
    7 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
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UBS analyst A.J. Rice reiterated a Buy rating and lowered his price target on Anthem (NYSE: ANTM) to $160.00 (from $162.00).

Rice commented, "Anthem expects its 2017 earnings to grow modestly versus its 2016 EPS outlook of "approximately" $10.80. In 2017, the company sees tailwinds to its earnings coming from a) Enrollment gains across Medicaid, Medicare (with Y/Y stable margins), selffunded businesses etc; b) Margin improvement in the individual ACA compliant and the Iowa Medicaid business; c) The impact of the one year HIF moratorium on the commercial biz; and d) potential capital deployment. 2017 headwinds include a) onetime SG&A cuts which benefited 2016 come back in 2017; b) enrollment and margin pressure due to a shift to ACA compliant offerings in the local group biz; and c) rate pressure in the Medicaid expansion business. Finally, Anthem is in the process of updating its LT growth plan and may revisit its 2018 EPS target of $14/share."

For an analyst ratings summary and ratings history on Anthem click here. For more ratings news on Anthem click here.

Shares of Anthem closed at $122.99 yesterday.



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