Elevance Health Inc

ELV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$666.00	Pclshs	Kstbqhdj

Elevance Earnings: 2023 Outlook Increased Despite Utilization and Medicaid Redetermination Trends

Julie Utterback

Jul 19, 2023

Elevance Health's strong second-quarter results contributed to a mild 2023 outlook increase and caused the shares to rise closer to our $520 fair value estimate in early trading July 19. Our expectations for the year remain in line with the new target, and we're keeping our fair value estimate intact. The firm's narrow moat looks solid, built on local scale leadership that helps it offer lower prices than most competitors.

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