Stephens lowered the firm’s price target on Alignment Healthcare to $8.50 from $10.50 and keeps an Equal Weight rating on the shares. The firm has updated its model for Q4 operating results and tweaks to reflect enhanced insight into trends. The firm also revised its out-year forecasts to account for the ongoing MA utilization headwinds expected for 2024 based on peer commentary.
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Read More on ALHC:
- Alignment Healthcare initiated with a Buy at Stifel
- Alignment Healthcare appoints Burzacchi as COO of MSO, Wagner as CPO
- Alignment Healthcare price target raised to $10 from $8.50 at BofA
- Alignment Healthcare price target raised to $10.50 from $10 at Stephens
- Alignment Healthcare announces health plan membership increased 44%
