Cowen analyst Charles Ryhee raised the firm’s price target on Evolent Health (EVH) to $59 from $57 and keeps an Outperform rating on the shares. The analyst updated the firm’s to incorporate the recently announced Humana (HUM) contract win and the closing of its NIA acquisition which closed 2 months earlier than our model previously assumed. The Hjumana contract which goes live 2H23, is expected to bring $250M in annualized revenue.
Published first on TheFly
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