Craig-Hallum analyst George Sutton upgraded eHealth (EHTH) to Buy from Hold with an unchanged price target of $6. The analyst says that "despite material declines anticipated" for this annual enrollment period, he’s seeing "clear signs of life that simply warrant a different view for the equity as a compelling investment." The signs include eHealth CEO Fran Soisman buying 80,000 shares on November 22, United Health Care (UNH), the largest Medicare Advantage carrier, reiterating its expectations for the current period and guiding to 9% growth for next year, and Humana (HUM), eHealth’s largest carrier partner, today raising its expectations for enrollment guidance for fiscal 2023 from 325,000-400,000, Sutton tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on EHTH:
