Jefferies Downgrades WellPoint (WLP) to Hold
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Price: $79.64 +1.10%
Rating Summary:
6 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
6 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade WLP Now!
Jefferies downgraded WellPoint (NYSE: WLP) from Buy to Hold with a price target of $72 (down from $87).
The comments, "WLP's misses in Seniors, reserve strengthening, proportionally larger Risk book, and higher cost trend carry higher EPS risk, which we are reflecting via a 15% lower target multiple. In an environment where investors have high expectations, we believe other MCOs including Buy rated UNH and AET have lower risk profiles and will generate better performance."
For an analyst ratings summary and ratings history on WellPoint click here. For more ratings news on WellPoint click here.
Shares of WellPoint closed at $66.10 yesterday, with a 52 week range of $56.61-$81.92.
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The comments, "WLP's misses in Seniors, reserve strengthening, proportionally larger Risk book, and higher cost trend carry higher EPS risk, which we are reflecting via a 15% lower target multiple. In an environment where investors have high expectations, we believe other MCOs including Buy rated UNH and AET have lower risk profiles and will generate better performance."
For an analyst ratings summary and ratings history on WellPoint click here. For more ratings news on WellPoint click here.
Shares of WellPoint closed at $66.10 yesterday, with a 52 week range of $56.61-$81.92.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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