In a report published by Bank of America, analyst Nat Schindler upgraded eHealth, Inc. EHTH from Underperform to Buy and maintained the price objective at $26.
In the report, Schindler wrote, "We believe eHealth's recent 32% sell-off post the Q4 print is overdone. Although the Medicare segment performance in Q4 was weaker than expected, we remain encouraged about: 1) Medicare seg should sequentially accelerate throughout 2013; 2) clarity surrounding the Affordable Care Act should improve heading into 2014; 3) increased investments reduce near-term outlook but likely best long-term strategic business decision; and 4) continued shareholder friendly capital return. We are upgrading our rating from Underperform to Buy."
eHealth closed Monday at $17.68.
Follow Alex Biles on Twitter at @perfectlyaloof
Market News and Data brought to you by Benzinga APIsFollow Alex Biles on Twitter at @perfectlyaloof
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in