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Humana price target raised to $312 from $285 at BofA

BofA raised the firm’s price target on Humana (HUM) to $312 from $285 and keeps a Neutral rating on the shares. The firm is raising its price target to reflect higher peer multiples as well as the potential that Medicare Advantage is the next sector to rebound, but maintains a Neutral rating given the uncertain rate backdrop.

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