UPDATE: Jefferies Raises Price Target on Humana to $107

According to Jefferies, Humana HUM price target is raised to $107. Jefferies said that HUM's 8K on Friday evening indicated Retail Medicare Advantage (MA) net adds should be higher than its previous guidance. “Our $107 PT reflects a '12 multiple of 13.4x. HUM trades at 11.6x '12E EPS, above peers but below historical averages.” Humana closed on Friday at $92.25.