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Humana loses CMS lawsuit, as expected, says Mizuho

The U.S. District Court of Northern Texas ruled to dismiss Humana’s (HUM) lawsuit against the Center for Medicare and Medicaid Services, in line with Mizuho’s expectations. The firm, which has an Outperform rating and $316 price target on Humana shares, believes the loss was expected and that Humana’s argument was too broad-based and lacking pointed evidence.

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