Market Overview

UPDATE: Credit Suisse Reinstates WellPoint with Neutral Rating, $65 PT

Related WLP
Markets Higher In Another Quiet Session Ahead Of Expiration Of Ceasefire Between Israel And Hamas
Dennis Gartman On Thursday's Selloff: Fundamentals, Psychology & The Media
WellPoint Profit Beats, ObamaCare Spurs Enrollment (Fox Business)

In a report published Wednesday, Credit Suisse Group reinstated coverage on WellPoint (NYSE: WLP) with a Neutral rating and $65.00 price target.

Credit Suisse noted, “WLP is one of the largest managed care companies in the U.S., and recently enhanced its diversification through its acquisition of Amerigroup. We believe the Blue Cross Blue Shield brand differentiates the company from peers, and positions the company well to capitalize on exchanges over time. However, the overhang and uncertainty of reform, particularly in 2014, when the company will have to defend its current individual and small group (ISG) business and potentially face margin pressure, keeps us on the sidelines.”

WellPoint closed on Monday at $60.92.

Latest Ratings for WLP

DateFirmActionFromTo
Aug 2014Credit SuisseMaintainsNeutral
Jul 2014BarclaysMaintainsEqual-weight
Jul 2014UBSMaintainsBuy

View More Analyst Ratings for WLP
View the Latest Analyst Ratings

Posted-In: Credit Suisse GroupAnalyst Color Initiation Analyst Ratings

 

Related Articles (WLP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters