Analysts Say Humana (HUM) Election Related Selloff Overdone
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November 7, 2012 9:01 AM EST
With the election now over and President Obama re-elected for another four years, investors will be positioning in stocks that are expected to benefit and those that will be hurt.
Below is a guide to Obama stocks:
Health Insurers: - NEGATIVE
Health insurance stocks are expected to be hurt by an Obama victory as Obamacare will go thorough. Commenting on the sector this morning, analysts at Goldman Sachs said, -"For the sector overall, we think sustained outperformance is unlikely over the next 12-18 months, despite attractive valuations. While near-term... More
November 7, 2012 8:09 AM EST
Goldman Sachs downgraded Humana (NYSE: HUM) from Neutral to Sell with a price target of $62.00 (from $77.00), suggesting 19% downside.
"With health reform now more likely to move ahead following the election outcome, we see greater downside risk to Medicare Advantage, which we estimate... More
November 7, 2012 7:17 AM EST
BofA/Merrill Lynch downgraded Humana (NYSE: HUM) from Buy to Neutral.
For an analyst ratings summary and ratings history on Humana click here. For more ratings news on Humana click here.
Shares of Humana closed at $76.16 yesterday, with a 52 week range of $59.92-$96.46.... More
November 6, 2012 12:01 PM EST
Jefferies boosted its price target earlier on Buy-rated Humana (NYSE: HUM) from $80 to $88 on better margins.
The firm comments, "We are increasingly confident that HUM can get back to a 5% Retail MA margin in '13, though perhaps not to prior year levels.... More
November 6, 2012 10:56 AM EST
Investors are positioning ahead of results from today's Presidential election. Recent polls show a slight lead for Mitt Romney nationally, however President Obama is leading in key battleground states which could give him the electoral edge. Website InTrade shows a 71.5 percent chance of an Obama win, while only 28.8 percent for Romney.
Below is a guide to key sectors that will be reacting to the results.
HEALTHCARE:
Insurers: A Romney victory will be a positive for health insurance companies like Cigna (NYSE: CI), Aetna (NYSE:... More
