Elevance Health (ELV) hikes 2024 earnings outlook, shares climb

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Elevance (ELV) PT Raised to $575 at RBC Capital

April 19, 2024 6:46 AM EDT

RBC Capital analyst Ben Hendrix raised the price target on Elevance (NYSE: ELV) to $575.00 (from $574.00) while maintaining a Outperform rating.

The analyst comments "Elevance again outperforms against a difficult managed care backdrop, with utilization across the benefit businesses tracking in line with expectations.... More

Elevance (ELV) PT Raised to $605 at UBS

April 19, 2024 6:36 AM EDT

UBS analyst AJ Rice raised the price target on Elevance (NYSE: ELV) to $605.00 (from $585.00) while maintaining a Buy rating.

The analyst comments "ELV provided a few more details around its recently announced CDR partnership, noting that the care delivery entity will start... More

Elevance (ELV) PT Raised to $600 at Wells Fargo

April 19, 2024 5:57 AM EDT

Wells Fargo analyst Stephen Baxter raised the price target on Elevance (NYSE: ELV) to $600.00 (from $557.00) while maintaining a Overweight rating.

The analyst comments "ELV's 1Q24 results were strong and earnings quality appears high. Story remains fairly clean from our perspective. Continued growth... More

Elevance Health Inc. (ELV) Tops Q1 EPS by 16c, tops guidance

April 18, 2024 6:01 AM EDT

Elevance Health Inc. (NYSE: ELV) reported Q1 EPS of $10.64, $0.16 better than the analyst estimate of $10.48. Revenue for the quarter came in at $42.3 billion versus the consensus estimate of $42.47 billion.

GUIDANCE:

Elevance Health Inc. sees FY2024 EPS at greater of $37.20, versus... More