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Elsewhere, Goldman Sachs reiterated a buy rating on Nvidia and raised its price target on the high-flying semiconductor maker. Yet his price target sits at $225, implying an upside of 19.7% as he sees opportunity elsewhere. "Anyone pulling up a chart of UBER share price performance in 2023 will think, 'That's a scary chart. Analyst Sarah James upgraded the insurer to overweight from neutral and hiked her price target o $372 from $334. — Alex Harring 5:42 a.m.: Goldman hikes Nvidia price target Things continue to look up for Nvidia , according to Goldman Sachs.
Persons: Goldman Sachs, Piper Sandler, Alexander Potter, Potter, Tesla, Alex Harring, Bernstein, Uber, Nikhil Devnani, Devnani, — Alex Harring, Keith Horowitz, Horowitz, Cantor Fitzgerald Cigna, Cantor Fitzgerald, Sarah James, James, Ben Hendrix, Hendrix, Christopher Horvers, Horvers, Barbie, Goldman, FY4Q, Toshiya Hari, Fred Imbert Organizations: CNBC, JPMorgan, Mattel, Nvidia, Citi, Investors, Citizens, Financial, New York Community Bancorp, Aozora, T Bank, RBC Capital, Warner Bros, Golden Globes, Microsoft Locations: California, New, Friday's
U.S. health insurance firm Humana is the only major stock from around the world to have risen by more than 10% every year for the past decade. Here's what some are saying: Deutsche Bank Equity analyst George Hill bumped up the bank's price target to $568 (10% upside) on April 26. RBC Capital Markets Ben Hendrix retired the bank's outperform rating and price target of $637 on April 27. The investment bank maintains an "in-line" or hold rating on the stock with a price target of $637. Jefferies' analysts raised their price target to $614 with a buy-rating on April 27.
Persons: , Humana's, George Hill, JP Morgan Lisa Gill, HUM, UBS Kevin Caliendo, Ben Hendrix, Morgan Stanley's, Jefferies Organizations: Humana, CNBC Pro, Affordable, NYSE, Deutsche Bank Equity, MLR, UBS, Swiss, Medicare, RBC Locations: Kentucky, U.S
UnitedHealth is among the largest players in the Medicare Advantage market, where private insurers offer an alternative to the original Medicare - the federal government's health insurance plan for people aged 65 and older or those with certain disabilities. Medicare and Medicaid memberships make up a third of the company's health insurance business. It added 655,000 Medicare Advantage members and 570,000 Medicaid members in the quarter. Meanwhile, a slow recovery in non-urgent procedures helped lower medical costs at its insurance unit, driving the company's first-quarter profit above expectations. The company's medical cost ratio - the percentage of payout on claims compared with premiums - came in at 82.2%.
Major chain Tenet Health said last week that labor costs ate away at its third-quarter finances. Last week, Tenet reported lower revenue and earnings in the third quarter compared with 2021, missing Wall Street's expectations as the company suffered from higher temporary labor costs. Investors had expected Tenet to report an improvement in contract labor costs, Ben Hendrix, an analyst at RBC Capital Markets, said in a Friday note. Contract labor increased to 11% of total hospital labor expenses, compared with just 2% in 2019, according to the report. "We still are running with a lot more nurses in contract labor than we did in 2019," he said.
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