UPDATE: BMO Capital Markets Terminates Coverage on Amerigroup Corporation

In a report published Friday, BMO Capital Markets terminated its coverage on Amerigroup Corporation (NYSE: AGP).

BMO Capital noted, “We are dropping coverage of Amerigroup (AGP) owing to its acquisition by WellPoint. The transaction closed on Tuesday, December 24. The shares of AGP have been rated Market Perform since July 9, 2012. Investors should no longer rely on BMO Capital Markets Research for an investment recommendation on Amerigroup.”

Amerigroup Corporation closed on Thursday at $91.70.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.