Wedbush Lowers Universal American Price Target To $11

By BenzingaStaffB
Benzinga Staff Writer
July 14, 2011 9:25 AM

Symbols: UAM

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Wedbush, Universal American (NYSE: UAM) price target is lowered to $11.

Wedbush said that it is lowering its 2Q11E to ($0.01) and PT to $11 from $19 to reflect sale of the company's Part D business. “We continue to view the MA segment as an attractive acquisition target and could see potential upside from capital deployment strategies.”

Universal American closed yesterday at $10.68.

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Wedbush Lowers Universal American Price Target To $11

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