RBC Capital lowered the firm’s price target on GoHealth (GOCO) to $5 from $12 and keeps a Sector Perform rating on the shares. The firm is updating its model following the company’s Q3 results, which came in significantly below expectations due to topline weakness as a result of one large carrier suspending its relationship with, the analyst tells investors in a research note.
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Read More on GOCO:
- William Blair downgrades GoHealth, says market headwinds likely to persist
- GoHealth downgraded to Market Perform from Outperform at William Blair
- GoHealth files to sell 4.77M shares of Class A common stock for holders
- GoHealth price target lowered to $10 from $20 at Noble Capital
- GoHealth, Inc. Reports Strategic Shift Amid Market Changes