Jefferies Gives HNT a Hold Rating

Jefferies has reported on Heath Net, Inc's HNT rating and Price Target.

In the report Jefferies writes, "We are initiating coverage with a Hold rating and $32 price target. Valuation dissuades us from being more positive as HNT is trading in-line with its historical average P/E and at narrow end of its historical discount to the group.
Operational improvements are getting traction, but risk profile is higher than most peers."

Health Net, Inc closed at $29.58 yesterday.