Anthem (ANTM) PT Raised to $447 at Jefferies
Get Alerts ANTM Hot Sheet
Price: $482.58 --0%
Rating Summary:
22 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
22 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Jefferies analyst David Windley raised the price target on Anthem (NYSE: ANTM) to $447.00 (from $434.00) while maintaining a Buy rating.
The analyst commented, "ANTM's strong 1Q results (EPS beat by 10%) and 2% guidance raise reflect strong operating performance above a conservative outlook. We raise our EPS outlook with the protection of reserves that appear very padded. Mgt doesn't see evidence of higher acuity in non-COVID medical consumption, which is encouraging. RFP activity is accelerating, and we like ANTM's prospects for enrollment growth. We reiterate Buy with the stock at~15x '21E P/E."
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