Humana rises after Jefferies upgrades to 'buy'

Health insurer Humana HUM.N shares rise 3.5% to $261.89

Jefferies upgrades to "buy" from "hold" and raises price target to $313, representing a 23.7% upside to the share's last close

Attributes company's Stars diversification efforts for the bump up

Brokerage raises FY26 EPS estimates to $14.19 vs $11.18 previously

Also expects Medicare Advantage membership to grow by 21%

Shares have remained under pressure since HUM last month did not provide performance commentary for 2026, despite reporting better-than-expected quarterly profit

9 of 28 brokerages rate the stock "buy" or higher, 18 "hold" and 1 "sell"; their median PT is $289 - LSEG data

Stock is marginally down for the year, though last close