Jefferies (NYSE:JEF) cut its price target on Humana (NYSE:HUM) share from $65 to $61 per share, and maintained its hold rating.
Jefferies also cut its earnings and revenue guidance for the company, after Humana said it expects 2011 earnings of $5.35 to $5.55 yesterday, below Jefferies’ prior forecast for the company. Humana shares are trading lower again today, off 1% at the moment.
At 4.97% of the portfolio, the stock is the fourth-largest holding in the Dynamic Healthcare Portfolio (PTJ), which is trading about flat so far. Medco Health Solutions (MHS) is the top holding in the fund at 5.66% of the portfolio, followed by Express Scripts (NASDAQ:ESRX) is 5.09% of the portfolio, Cardinal Health (NYSE:CAH) at 5.06% and Quest Diagnostics (NYSE:DGX) at 4.87% of the fund.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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