Credit Suisse Upgrades WellCare Health Plans (WCG) to Neutral; Trump Black Swan Event
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/22/2026
Go back to Credit Suisse Upgrades WellCare Health Plans (WCG) to Neutral; Trump Black Swan Event
November 15, 2016 9:13 AM EST
Leerink Partners reiterated an Outperform rating on WellCare Health Plans (NYSE: WCG), and raised the price target to $135.00 (from $115.00), following the company's 3Q earnings report. Adjusted EPS of $1.63 handily beat consensus of $1.11. Revenue of $3.58B modestly beat consensus of $3.52B. The beat was driven primarily by meaningful outperformance in Medicare Advantage and Medicare Part D MLRs offset by a miss in the Medicaid MLR.
Analyst Ana Gupte commented, "We maintain our OP rating on WCG as the mid-singledigit exposure to Obamacare should be offset by a more benign MA... More
November 10, 2016 7:14 AM EST
JPMorgan downgraded WellCare Health Plans (NYSE: WCG) from Overweight to Neutral with a price target of $115 (unchanged).
For an analyst ratings summary and ratings history on WellCare Health Plans click here. For more ratings news on WellCare Health Plans click here.
Shares of WellCare Health Plans closed at $117.24 yesterday.
...
More
