UPDATE: Cantor Fitzgerald Initiates WellPoint with Hold, $75 PT on Market Risk Exposure

Cantor Fitzgerald initiates its coverage on WellPoint WLP with a Hold rating and a price target of $75. Cantor Fitzgerald comments, "WellPoint has scale, a national presence and a leading brand name, but it is less diversified and more exposed to the risk market than other national players. We believe the company could be a much more significant Medicare player, and that could be the key to faster earnings growth in the future." WLP closed at $71.88 on Tuesday.