Elevance to enter ACA exchanges in Florida, Maryland, and Texas, says Stephens

Stephens analyst Scott Fidel notes that Elevance Health has filed to enter the ACA individual marketplace for the first time in 2025 in Florida, Maryland and Texas for 2025, using its Wellpoint brand in each of these three states. The firm, which says Wellpoint’s ACA plans will be available in 24 of Florida’s 67 counties and that details on plan availability by county in Maryland “remain sparse,” has an Overweight rating and $615 price target on Elevance Health shares.