WellPoint (WLP) PT, Estimates Lifted at Jefferies Post Q1

Jefferies analyst David Windley raised his price target on Buy-rated WellPoint (NYSE: WLP) to $119.00 (from $117.00) saying there was a lot to like from the Q1 report.

Windley comments, "We maintain our Buy on WLP. Today's results affirm our thesis that WLP is gaining momentum, and can generate earnings higher than the consensus expectation. Excluding some one-off items, 1Q was still a strong start. The company's membership and EPS raise are encouraging, but we still believe guidance is conservative. Additionally, management was positive about HIX progress."

The firm raised FY 2014 EPS from $9.33 to $9.40.

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 $100.68 yesterday.

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