Anthem (ANTM) Tops Q3 EPS by 10c; Trims FY15 Outlook

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Go back to Anthem (ANTM) Tops Q3 EPS by 10c; Trims FY15 Outlook

Comments Regarding 2016 Headwinds May Overshadow Anthem's (ANTM) 3Q Results; UBS Cuts Price Target to $180

October 29, 2015 10:56 AM EDT

UBS maintained a Buy rating on Anthem (NYSE: ANTM), and cut the price target to $180.00 (from $188.00), following the company's 3Q earnings conference call. Management issued comments regarding 2016 headwinds that may overshadow the results of a strong 3Q. Analyst A.J. Rice was left with the impression that ANTM is still developing its 2016 outlook and is being potentially overly conservative.

Rice commented, "Anthem's... More