Leerink Partners Downgrades Humana (HUM) to Market Perform, 'Visibility into Recovery Diminished'
Leerink Partners analyst Whit Mayo downgraded Humana (NYSE: HUM) from Outperform to Market Perform with a price target of $250.00 (from $400.00).
The analyst comments "Downgrade HUM to Market Perform. Given the recently disclosed Stars headwinds for 2026, the lack of conviction we have in our recommendation, and inability to underwrite a reasonable path towards target margins, we move to a Market Perform rating that largely reflects our current thinking on the stock. We have ongoing concerns on elevated trend, heightened industry risks to 2H MLR estimates, and a continuation of broader challenges to the MA sector backdrop. Most positive readthrough is for UNH (OP), but acknowledge they may have some minor Stars challenges, as well."
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Shares of Humana closed at $279.45 yesterday.