Anthem (ANTM) PT Raised to $188 at Jefferies

Jefferies analyst David Windley raised estimates and his price target on Buy-rated Anthem (NYSE: ANTM) to $188.00 (from $186.00) following Q1 results.

Windley commented, "With membership and margins tracking better than expected, we believe 2016 EPS growth will accelerate as headwinds ease. Another strong result in 1Q (18% upside) and raised guidance keeps ANTM on track to achieve 10%+ LT EPS growth. Yet, the stock trades at the low end of MCO valuations at 14.5x '15 P/E. Reiterate Buy and bumping PT to $188."

The firm raised FY 2015 EPS from $11.52 to $11.60.

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 $151.07 yesterday.

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