KeyBanc initiated coverage of Alignment Healthcare with a Sector Weight rating as part of a broader research note launching coverage of Healthcare Services. The U.S. healthcare system requires significant efficiency gains and Healthcare Services will be at the epicenter of innovation, disruption, and opportunity, with near term proprietary hospital card data indicating that utilization remains strong in Q3 which represents a positive read for Hospitals and Post-Acute care, the analyst tells investors in a research note. For the company, the firm notes that while it is positive on its growth profile, differentiated value based care strategy, and the management’s 2025 EBITDA outlook, it prefers to get past Q3 reporting where data shows higher utilization and the election before potentially getting more constructive.
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