Jefferies Starts AMERIGROUP (AGP) at Buy

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Jefferies initiates coverage on AMERIGROUP (NYSE: AGP) with a Buy. PT $100.00.

The firm comments, "Our granular analysis shows AGP benefiting more than peers from the robust Medicaid RFP pipeline, Dual Eligibles, and 2014 Medicaid expansion (if that comes). These secular tailwinds are qualitatively known, but our deep dive quantifies the EPS impact in additional detail. AGP deserves more credit."

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 $65.63 yesterday, with a 52 week range of $37.57-$75.74.

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