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Fly News Breaks for October 3, 2019
EHTH
Oct 3, 2019 | 15:32 EDT
Cantor Fitzgerald analyst Steven Halper said that during his talk with eHealth CEO Scott Flanders at the firm's healthcare conference that the CEO spoke to high expectations for 2019 performance for the 2020 benefit year. Flanders specifically said that he believes eHealth will reach the high end of its 2019 revenue guidance range, which Halper said "is impressive and speaks to the company's likely strong execution in the upcoming open enrollment period." In addition, management clarified that lower Medicare Advantage premiums have no affect on the company's commissions and that the company is confident that it can achieve five times the expected industry growth in terms of Medicare enrollment growth. Halper maintains an Overweight rating and $120 price target on eHealth shares.
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