UPDATE: Morgan Stanley Starts Bright Health Group (BHG) at Equalweight

Morgan Stanley analyst Ricky Goldwasser initiates coverage on Bright Health Group (NYSE: BHG) with a Equalweight rating and a price target of $18.00.

The analyst comments "We like BHG's integrated MCO/care delivery model, but utilization uncertainty coupled with onboarding lower-priced members poses risk to MLR, and growing MA exposure is key to unlocking value. Despite a stock price that screens as value, the catalyst path is unclear."

For an analyst ratings summary and ratings history on Bright Health Group click here. For more ratings news on Bright Health Group click here.

Shares of Bright Health Group closed at $13.75 yesterday.

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