Credit Suisse Upgrades WellCare Health Plans (WCG) to Neutral; Trump Black Swan Event
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Leerink Partners Raises Price Target on WellCare Health Plans (WCG) Following 3Q Beat
November 15, 2016 9:13 AM ESTLeerink 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
JPMorgan Downgrades WellCare Health Plans (WCG) to Neutral
November 10, 2016 7:14 AM ESTJPMorgan 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.
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