eHealth price target raised to $60 from $50 at SunTrust

SunTrust analyst Tobey Sommer raised his price target on eHealth to $60 and kept his Buy rating after its preliminary Q4 results, saying the company generated “strong growth” in Medicare applications submitted online of over 22% vs. 10% in Q3. The analyst adds that eHealth is benefiting from a “robust” Medicare annual enrollment period, noting that his positive longer term view is further supported by the company’s “highly scalable” opportunity for accelerating organic growth.
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