Jefferies Raises Price Target on Coventry Health (CVH), Maintains Hold
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Price: $49.99 --0%
Rating Summary:
1 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 42
Rating Summary:
1 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 42
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Jefferies raised their price target on Coventry Health Care (NYSE: CVH) from $33 to $37, but is keeping their Hold rating.
The firm raised 2011 EPS from $2.77 to $2.89 and 2012 from $3.03 to $3.08.
On the sector, the firm states, "Our analysis indicates MCOs' EPS can continue to meaningfully benefit from low cost trend. We estimate all MCOs have at least 150bps of MLR cushion, with some almost 500bp."
For more ratings news on Coventry Health Care click here and for the rating history of Coventry Health Care click here.
Shares of Coventry Health Care closed at $34.66 yesterday.
The firm raised 2011 EPS from $2.77 to $2.89 and 2012 from $3.03 to $3.08.
On the sector, the firm states, "Our analysis indicates MCOs' EPS can continue to meaningfully benefit from low cost trend. We estimate all MCOs have at least 150bps of MLR cushion, with some almost 500bp."
For more ratings news on Coventry Health Care click here and for the rating history of Coventry Health Care click here.
Shares of Coventry Health Care closed at $34.66 yesterday.
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