Health Net upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded Health Net as it believes the company has addressed most of the challenges it faced in 2012. The firm raised its price target range for shares to $28-$30 from $26-$28.
Health Net to reaffirm FY guidance Members of the management team of Health Net expect to meet with investors and analysts from time to time beginning on May 27 through and including June 9. Some of these meetings are expected to take place at (i) the Jefferies 2015 Healthcare Conference on June 2, where the company is also scheduled to give a presentation at approximately 11:30 a.m.; and (ii) the Goldman Sachs 36th Annual Global Healthcare Conference on June 9, where the company is also scheduled to give a presentation at approximately 11:00 a.m. During these presentations and meetings, the company intends to address its prospects and historical performance, and reaffirm the company’s earnings guidance for the full year 2015, as previously announced in a press release issued on May 4. On May 4, Health Net raised its FY15 combined EPS view to $3.25-$3.35 and maintained its FY15 GAAP EPS view of "at least" $2.70. Consensus is $3.34.