Guidance And Upside DriversAnalyst upgrade to Outperform reflects that conservatively biased guidance could establish a performance floor and allow identified upside drivers, such as enrollment gains, to reassert the growth story.
Market Sentiment ImprovementEstablishing a bottom in reported results has historically led to improved market sentiment for similar companies, suggesting analyst upgrades may draw renewed investor interest.
Medical Cost TrendsMedical cost trends came in line to slightly better than prior estimates, which could support margin stability and reduce downside risk to earnings.