JPMorgan lowered the firm’s price target on Evolent Health (EVH) to $15 from $45 and keeps an Overweight rating on the shares. The firm says that with Evolent’s Q3 earnings report “opening the door for more questions around cost trends and visibility,” it lowering its model to take this risk into account. JPMorgan’s model assumes that cost trends drive a further 15% EBITDA reduction in 2025 off of the low end of the Q4 base.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EVH:
- Evolent Health price target lowered to $28 from $34 at Oppenheimer
- Evolent Health management to meet with Oppenheimer
- Evolent Health price target lowered to $21 from $33 at Citi
- Evolent Health price target lowered to $19 from $39 at Barclays
- Evolent Health price target lowered to $20 from $42 at RBC Capital