Citi Downgrades WebMD Corp (WBMD) to Hold
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Citi downgrades WebMD Corp (Nasdaq: WBMD) from Buy to Hold. Price target $24.
Citi analyst says, "WBMD shares have surged 77% in past 3 weeks, hitting our recently downward revised $24 PT earlier this week. We waited to see whether WBMD’s results & outlook would be significant enough to warrant materially increasing our PT. While our estimates are rising, the increase is not large enough to continue meriting a Buy. Hence the downgrade."
WebMD Health Corp. (WebMD) is a provider of health information services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, and health-focused publications.
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