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Fly News Breaks for October 14, 2019
EHTH
Oct 14, 2019 | 16:47 EDT
Raymond James analyst Gregory Peters initiated coverage of eHealth with an Outperform rating and $90 price target. The analyst notes that the stock is down 50% from its 52-week high mainly because of concerns regarding potential versions of Democrat-sponsored Medicare-for-all programs, lower monthly Medicare Advantage - or MA - premiums, and a high level of churn from its customers enrolled during Q4 of 2018. Peters believes however that while the prospect of a Democrat administration may "bureaucratize" the MA market that is growing in popularity, the company represents a "pure play in the ongoing structural shift within the Medicare market" where demand continues to increase.
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