Barclays Maintains an 'Equalweight' on AMERIGROUP (AGP); Strong Q1 Pushes Margins Above Targeted Range

Barclays maintains an 'Equalweight' on AMERIGROUP (NYSE: AGP), PT increased from $64 to $77.

Barclays analyst says, "With the quarter, we are increasing our EPS estimates for 2011 and 2012, as well as our price target. Specifically, our 2011 EPS estimate goes to $4.10, and our 2012 estimate goes to $4.50. The 2011 increase is somewhat conservative relative to the performance in the quarter; this is due primarily to the company's expectations for medical cost trends to accelerate towards the end of the year. Our 2012 estimate represents 10% organic growth from our 2011 estimate."

For more ratings news on AMERIGROUP click here and for the rating history of AMERIGROUP click here.

Shares of AMERIGROUP closed at $66.99 yesterday.

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