JP Morgan Raises PT Of Humana To $63.00 (HUM)

JP Morgan raises the Price Target to $63 from $61 after Humana (NYSE: HUM) posted Q4 EPS of “$0.63 vs our/consensus $0.69/0.78.”

The report notes, “much like others this season so far, the report benefited from moderate med utilization offset by a heavy dose of cleanup/one-time items (about $1/share) which held down the reported EPS. With this follow-up note to our detailed report yesterday, we are updating our '11 and '12 EPS estimates, raising each by $0.20, to $6.20 and $6.00 respectively.”

JP Morgan raises the Price Target to $63 and maintains its Neutral rating.

Humana is currently trading unchanged in the premarket from Tuesday's close of $58.31.