Analysts reshuffled ratings across the managed care sector on May 26. The moves signal a divided view on insurers after months of turbulence.
UnitedHealth Group led the positive revisions. Its consensus target price rose to $397.31 from $395.15. Humana and Elevance Health also saw target price bumps. Humana's consensus target climbed to $269.38, reflecting growing confidence after a bruising 12 months.
The Cigna Group was the sector's outlier. Analysts downgraded the stock, pushing it from three Hold ratings to four. Cigna trades at a $75.7 billion market cap with just 2.5% SI % FF — the short interest signal is quiet, but the sentiment shift is notable.
Outside healthcare, JP Morgan's Jimmy Bhullar upgraded Travelers Companies to Hold from Sell. That's a meaningful change for the $65 billion insurer. His new target sits at $322.
Northrop Grumman drew a target cut from Jefferies. Analyst Sheila Kahyaoglu trimmed her price target to $620 from $660 while keeping a Hold rating. Defence spending optimism may be cooling at the margins.
Workday saw its consensus target dip slightly to $174.38 from $175.16 — a minor move, but the direction is downward for the HR software giant.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
