Truist lifts US health insurer PTs on margin recovery prospects

Cigna group

14/07/2026 14:20

** Truist Securities raises PTs on U.S. health insurers Centene CNC.N, CVS Health CVS.N, Elevance Health ELV.N, Humana HUM.N, Molina Healthcare MOH.N and UnitedHealth UNH.N, while keeping ratings unchanged
** Brokerage sees the sector "having several innings remaining of a longer-term earnings recovery opportunity across the government businesses"
** The S&P 500 Managed Health Care Sub-Industry Index .SPLRCHMO has gained 32.03% YTD, according to LSEG data
** Brokerage expects profits from government-backed plans to improve, supported by favorable 2027 Medicare rates and Medicaid margins likely bottoming in 2026 before recovering from 2027
** Truist also sees further growth in Affordable Care Act plans and manageable medical use, adding that insurers' 2026 cost and pricing forecasts appear conservative
** "We remain bullish on continued investment activity across the group in technology/automation/AI," Truist says 
** Brokerage reiterates "buy" ratings on Cigna CI.N, CNC, CVS, ELV and UNH and "hold" for HUM and MOH 
   PT changes from Truist:  
Company 
New PT 
Old PT 
CNC
$78
$71
CVS
$118
$108
ELV
$475
$450
HUM
$415
$320
MOH
$250
$205
UNH
$480
$440


 (Reporting by Kunal Das in Bengaluru)
 ((Kunal.Das2@thomsonreuters.com;))