Humana (HUM) PT Lowered to $270 at Baird

Baird analyst Michael Ha lowered the price target on Humana (NYSE: HUM) to $270.00 (from $374.00) while maintaining a Neutral rating.

The analyst commented: "We lower our HUM price target from $374 to $270 (-28% PT change; +13% upside). This is based on an 18x P/E multiple applied to our 2026E EPS of $15.00. Our multiple of 18x reflects Humana’s five-year median P/E multiple. We view this as appropriate and see limited room for multiple expansion over the next year given MA headwinds."

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