UPDATE: Bank of America Downgrades eHealth to Underperform on Valuation
Posted on January 04, 2013 at 08:38 AM EST
Bank of America reduced its rating on eHealth (NASDAQ: EHTH ) from Buy to Underperform while raising its price objective from $26 to $28. Bank of America said, "Although we believe eHealth has positioned itself for a strong 2013, our optimism is tempered by the stock's rich valuation.