Market Overview

UPDATE: Jefferies Initiates WellCare Health Plans with Hold on Multiple NT Risk Factors

Share:
Related WCG
5 NYSE Healthcare Stocks With The Highest Operating Margin
Health Insurers Rise On Humana Sale Rumor

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

DateFirmActionFromTo
May 2015Deutsche BankMaintainsHold
May 2015JefferiesMaintainsHold
Mar 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for WCG
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Initiation Analyst Ratings

 

Related Articles (WCG)

Get Benzinga's Newsletters