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Oscar Health initiated with an Equal Weight at Stephens

Stephens initiated coverage of Oscar Health (OSCR) with an Equal Weight rating and $17 price target The firm believes the company’s “pure-play focus” to the Affordable Care Act exchanges can be viewed as a “two-way street.” The policies that drove Oscar towards profitability are also driving near-term uncertainty to its long-term growth trajectory, the analyst tells investors in a research note.

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