Jefferies Rates Humana At Hold (HUM)

Jefferies & Co. has a Hold rating and a $63 price target on shares of Humana Inc. HUM. In a note sent to clients, Jefferies writes, "With the close of the MA selling season, HUM has exceeded its initial guidance for new membership. The membership gains should drive profitability in the MA segment but lower margin PDP wins will have less of an impact. Headed into earnings, utilization levels will be another important signal." Shares of HUM lost $1.02 yesterday to close at $55.81.