BofA raised the firm’s price target on Alignment Healthcare to $10 from $8.50 and keeps a Neutral rating on the shares. In “a positive surprise,” Alignment now expects to expand MA membership greater than 40% in 2024, says the analyst, who thinks these “impressive results help address some lingering concerns about growth targets.” However, the firm reiterates a Neutral rating as it waits for more data on utilization trends in 2024.
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