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Alignment Healthcare upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc analyst Matthew Gillmor upgraded Alignment Healthcare (ALHC) to Overweight from Sector Weight with a $21 price target The firm says the company is emerging as a better Medicare Advantage value-based care “mousetrap” relative to traditional models. The company’s s platform is driving consistent improvement in hospital utilization and its savings are reinvested back into member benefits, the analyst tells investors in a research note. KeyBanc believes Alignment’s model will support market share gains and above-average growth.

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