- The shares of Bright Health Group Inc (NYSE: BHG) have received a $3.50 price target from Citi. These are the details.
The shares of Bright Health Group Inc (NYSE: BHG) have received a $3.50 price target from Citi. And Citi analyst Jason Cassorla assumed coverage of Bright Health with a “Neutral” rating while reducing the price target from $5.
Cassorla had assumed coverage of the healthcare services space with a cautious but generally optimistic view. And while the backdrop remains fluid, the playing field has shifted as we enter this year with greater vaccine uptake and a relatively milder variant compared to last year.
Amid the backdrop, Cassorla sees 3 major themes/debates driving the sector, including COVID-19 rollover and normalization of underlying core trends, inflationary cost pressures and offsets, and the reversion of focus back to structural shifts underpinning the healthcare industry.
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