Morgan Stanley provides its forecasts for 1H results on February 23 for Medibank Private.

The broker is expecting policyholder growth of 2% and EPS of 6c, while consensus forecasts 2.4% and 8.1c. A health insurance gross margin of 13.5% is also expected, just below the 15.7% estimated by consensus.

Morgan Stanley retains its Equal-weight rating and $3.05 target for Medibank Private. Industry View: In-line.

Sector: Insurance.

Target price is $3.05.Current Price is $3.11. Difference: ($0.06) - (brackets indicate current price is over target). If MPL meets the Morgan Stanley target it will return approximately -2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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