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WCG - Managed care providers could see healthy 2020 on repeal of insurance tax
Wellcare Health Plans Inc.
Goldman's Stephen Tanal and JPMorgan's Gary Taylor are bullish on Humana's (NYSE:HUM) growth prospects on the basis of the expected permanent repeal of the health insurance tax (HIT) associated with the Affordable Care Act (ACA). Mr. Tanal has raised his price target to $425 (17% upside) from $397 and raised in non-GAAP EPS target ~10% to $24.10. Mr. Taylor has raised his price target to $448 from $437 and maintains his "Top Pick" tag on the stock.
More news on: Humana Inc., UnitedHealth Group Incorporated, Anthem, Inc., Healthcare stocks news,