Truist lowered the firm’s price target on Evolent Health (EVH) to $15 from $20 and keeps a Buy rating on the shares. The firm is updating its model after the company’s investor healthcare conference last week, noting that given the elevated level of utilization that Evolent experienced in November and lack of clarity into December trends, it is reducing its Q4 EBITDA estimates from $30M to $24M, the analyst tells investors in a research note.
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