WellCare Health Plans (WCG) Tops Q4 EPS by 1c, Reaffirms FY16 Guidance
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Leerink Partners Reiterates Outperform on WellCare Health Plans (WCG) Following In-Line 4Q
February 10, 2016 9:09 AM ESTLeerink Partners reiterated an Outperform rating and $105.00 price target on WellCare Health Plans (NYSE: WCG) following the company's 4Q earnings report. The quarter results were reported in-line. Management reaffirmed 2016 EPS guidance at $4.35 to $4.60. Key metrics were good. Consolidated MLR of 85.9% beat consensus expectations of 88.5%, improving 340 bps YoY and 180 bps sequentially.
Analyst Ana Gupte commented, "We are more positive on WCG after the 4Q report delivered yesterday and reaffirm our OP rating at a PT... More
