Oppenheimer Lifts Price Target On WellPoint (WLP) After Q3 Beat and Raise
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Price: $128.71 --0%
Rating Summary:
6 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer bumped its price target on Outperform-rated WellPoint (NYSE: WLP) from $87 to $90 following the Q3 'beat and raise.'
The firm noted that the beat was driven by strong enrollment growth as well as favorable medical cost trends.
They are raising FY2011 and FY2012 EPS estimates to $7.22 and $7.66, up from $6.95 and $7.42, respectively.
For more ratings news on WellPoint click here and for the rating history of WellPoint click here.
Shares of WellPoint closed at $69.58 yesterday.
The firm noted that the beat was driven by strong enrollment growth as well as favorable medical cost trends.
They are raising FY2011 and FY2012 EPS estimates to $7.22 and $7.66, up from $6.95 and $7.42, respectively.
For more ratings news on WellPoint click here and for the rating history of WellPoint click here.
Shares of WellPoint closed at $69.58 yesterday.
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