Bernstein Cuts Elevance Price Target to $409, Cites Realistic 2025 Guidance and Mixed Q4 Results
Bernstein SocGen Group lowered its price target on Elevance (NYSE: ELV) to $409 from $431 while keeping an Outperform rating. The firm pointed to Elevance’s $25.50 per share guidance for 2025 and mixed fourth-quarter 2025 results - an adjusted EPS beat alongside revenue that missed expectations - as the drivers of the adjustment. Bernstein flagged …