Jefferies initiated coverage of SelectQuote (SLQT) with a Hold rating and $2.75 price target The company’s “important position” in the Medicare Advantage supply chain, combined with a single marketing engine, is delivering growth of both Medicare Advantage policies and Health services, like SelectRx, the analyst tells investors in a research note. However, Jefferies says SelectRx’s strategic redirect to even higher acuity members, the recent Department of Justice lawsuit, “suboptimal” cash conversion, and a “complicated balance sheet” keep it on the sidelines.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLQT:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue