Jefferies Downgrades WellPoint (WLP) to Hold

Jefferies downgraded WellPoint (NYSE: WLP) from Buy to Hold with a price target of $72 (down from $87).

The comments, "WLP's misses in Seniors, reserve strengthening, proportionally larger Risk book, and higher cost trend carry higher EPS risk, which we are reflecting via a 15% lower target multiple. In an environment where investors have high expectations, we believe other MCOs including Buy rated UNH and AET have lower risk profiles and will generate better performance."

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 $66.10 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Jefferies Downgrades Pattern Group Inc (PTRN) to Hold
• Jefferies Upgrades Friedrich Vorwerk Group SE (VH2:GR) to Hold
• BofA Securities Downgrades Greif Inc. (GEF) to Underperform