Goldman Sachs Upgrades Humana (HUM) to Buy; Fiscal Austerity Will Benefit Company
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Price: $380.73 +0.72%
Rating Summary:
15 Buy, 19 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
15 Buy, 19 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Goldman Sachs upgraded Humana (NYSE: HUM) from Neutral to Buy with a price target of $91.00.
The firm believes fiscal austerity will drive accelerating managed care penetration of Medicare.
Goldman's analyst comments, "The context to our call is that we think fiscal pressures will drive a bigger role for Medicare Advantage (MA) and ultimately a phasing-out of unmanaged ‘traditional’ Medicare. At present, about 25% of the 47 million Medicare eligible population are in MA while the remainder are in traditional Medicare. Even without policy changes, MA is becoming the product choice for seniors as employer retiree coverage becomes increasing rare."
For more ratings news on Humana click here and for the rating history of Humana click here.
Shares of Humana closed at $70.92 yesterday.
The firm believes fiscal austerity will drive accelerating managed care penetration of Medicare.
Goldman's analyst comments, "The context to our call is that we think fiscal pressures will drive a bigger role for Medicare Advantage (MA) and ultimately a phasing-out of unmanaged ‘traditional’ Medicare. At present, about 25% of the 47 million Medicare eligible population are in MA while the remainder are in traditional Medicare. Even without policy changes, MA is becoming the product choice for seniors as employer retiree coverage becomes increasing rare."
For more ratings news on Humana click here and for the rating history of Humana click here.
Shares of Humana closed at $70.92 yesterday.
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