Anthem initiated at Stephens

Anthem initiated with an Overweight at Stephens. Stephens analyst Scott Fidel initiated coverage of 11 Managed Care and Healthcare Facilities stocks, telling investors that overall he is constructive on managed care and selective on hospitals. He started Anthem with an Overweight rating and $310 price target, calling the $4B in gross savings it will realize from insourcing its pharmacy benefits management contract the “most powerful company-specific tailwind” in his coverage group. He also believes the 9% pullback in the stock over the past month has created an attractive entry point, Fidel added.
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