ELV. Elevated potentialElevance Health, Inc.BATS:ELVMRCMMELV is a margin-recovery + earnings-growth + shareholder-return story. Main catalyst is continued improvement in Medicare/Medicaid economics. Expectations that management delivers, on its target of at least 12% adjusted EPS growth in 2027. Risk factors: elevated medical costs, Medicaid pressure and regulatory/CMS issues could delay the recovery. Political pressure on the industry.