Goldman Sachs Maintains Buy on Humana, Lowers Price Target to $450
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Nathan Rich has maintained a Buy rating on Humana (NYSE:HUM) but has reduced the price target from $515 to $450.
January 29, 2024 | 3:31 pm
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Goldman Sachs maintains a Buy rating on Humana but lowers the price target from $515 to $450, indicating a potential downside from the previous target but continued confidence in the stock.
The reduction in price target may cause some investors to adjust their expectations for Humana's stock performance, potentially leading to short-term price volatility. However, the maintenance of a Buy rating suggests that Goldman Sachs still sees long-term value in the company, which could mitigate any negative reaction to the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100