UBS says Evolent Health (EVH) on Monday issued a press release that is “incrementally positive.” The company issued a confirmation that oncology cost trends remain below expectations, a new debt commitment from Ares, a reiteration of its adjusted EBITDA guidance for Q2 and 2025, new debt financing to address 2025 convertibles, and also flagged a pickup in late-stage pipeline activity, the analyst tells investors in a research note. UBS believes that despite a solid Q1, Evolent shares are down 9% since April, largely on concerns that oncology cost trends remain elevated due.
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