Raymond James Downgrades Oscar Health Inc (OSCR) to Market Perform

Raymond James analyst John Ransom downgraded Oscar Health Inc (NYSE: OSCR) from Outperform to Market Perform.

The analyst comments "We are downgrading OSCR to Market Perform following the ~45% rally over the last week driven by some of the language changes to the ACA in the Senate reconciliation package and some meme stock fervor online. However, we think the risk/reward is more balanced at this point and the policy and fundamental environment has gotten less constructive, creating a tougher set up for the stock over the medium term. While we continue to view the OSCR management team as top tier in our coverage, we think the market dynamics will be tough to navigate over the next 12-18 months."

For an analyst ratings summary and ratings history on Oscar Health Inc click here. For more ratings news on Oscar Health Inc click here.

Shares of Oscar Health Inc closed at $20.42 yesterday.

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