UPDATE: Jefferies Initiates WellCare Health Plans with Hold on Multiple NT Risk Factors
In a report published Friday, Jefferies analyst David Windley initiated coverage on WellCare Health Plans (NYSE: WCG) with a Hold rating and $65.00 price target.
In the report, Windley noted, “We are initiating coverage of WCG with a Hold rating and $65 PT. After the stock's 23% YTD surge (S&P up 11%), valuation is near its historical average. WCG's above-peer margins and Medicare/caid strategy are attractive, but its concentrated Medicaid footprint, lack of RFP wins, and large FL re-procurement present NT risks. We are concerned several events in fall 2013 could disappoint.”
WellCare Health Plans closed on Thursday at $57.51.
Latest Ratings for WCG
|Sep 2015||JP Morgan||Initiates Coverage on||Neutral|
|Sep 2015||Canaccord Genuity||Maintains||Hold|
|May 2015||Deutsche Bank||Maintains||Hold|
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