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Research Alert: CFRA Maintains Hold Rating On Shares Of Elevance Health

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month price target to $435 from $360, reflecting 16.2x our 2026 EPS estimate, above ELV's three- and five-year historical forward averages of 12.7x and 14.1x, respectively. We lift our 2026 EPS estimate by $0.14 to $26.91 and our 2027 EPS estimate by $0.14 to $29.22. We upgraded our 12-month fundamental outlook for the managed health care sub-industry to neutral from negative, with ELV and peers taking steps to improve profitability via increased medical premiums, strategic portfolio shifts/exits, and heightened focus on cost control within an elevated medical cost landscape. We anticipate that these actions may improve margins and profitability looking ahead to 2027-2028 and think valuations could gradually improve.

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