Anthem (ANTM) Tops Q3 EPS by 23c, Beats on Revenues; Boosts FY17 EPS Outlook Above Consensus
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Go back to Anthem (ANTM) Tops Q3 EPS by 23c, Beats on Revenues; Boosts FY17 EPS Outlook Above Consensus
October 26, 2017 8:05 AM EDT
Jefferies raised its price target on Anthem (NYSE: ANTM) to $226.00 (from $211.00) while maintaining a Hold rating following the company's 3Q. The primary driver of ANTM's 10% 3Q EPS upside was a lower MLR (better by 80bps). That allowed management to increase SG&A for growth... More
October 26, 2017 6:35 AM EDT
Cantor Fitzgerald raised its price target on Anthem (NYSE: ANTM) to $226.00 (from $220.00) while maintaining a Overweight rating.
Analyst Steven Halper remains positive on the equity as the company returns to growth mode and starts realizing benefits from new PBM strategy beginning in 2020.
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October 25, 2017 5:50 AM EDT
Anthem, Inc. (NYSE: ANTM) today announced that the company has entered into an agreement to acquire Americas 1st Choice, a privatelyheld forprofit Medicare Advantage organization that offers HMO products, including Chronic Special Needs Plans (C-SNP) and Dual-Eligible Special Needs Plans under its Freedom Health and Optimum brands in Florida. The company also operates Americas 1st Choice of South Carolina.
Over the last four years, Anthem has made a commitment to improve the performance and quality of our Medicare platform, ensuring we provide greater access to high-quality, affordable health care, said Joseph R.... More
