Deutsche Bank Downgrades AMERIGROUP (AGP) to Hold; In-line with Acquisition

Article Stock Quotes (2) Comments (0)

Deutsche Bank downgraded AMERIGROUP (NYSE: AGP) from Buy to Hold with a price target of $92.00 (from $83.00).

Deutsche analyst said, "...the company has agreed to be acquired by WellPoint (NYSE: WLP)(Buy) for $92 per share. We are moving our rating to Hold with the stock now trading within 3% of the deal valuation."

For an analyst ratings summary and ratings history on AMERIGROUP click here. For more ratings news on AMERIGROUP click here.

Shares of AMERIGROUP closed at $89.45 yesterday, with a 52 week range of $37.57-$89.54.

---

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

---

---

You May Also Be Interested In

• UPDATE: JPMorgan Cuts SodaStream (SODA) to Neutral, 'Stock No Longer Cheap'
• Saks (SKS) Could be Worth Up to $18/Share
• Royalty Pharma Raises Elan (ELN) Bid to $12.50/share

Create E-mail Alert Related Categories

Downgrades, Mergers and Acquisitions

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?