Market Overview

UPDATE: Bank Of America Reiterates On WellCare Health Plans On Disappointing Q2, Attractive Risk/Reward

Related WCG
Goldman Says These 25 Healthcare Stocks Are Immune To The Election
Regardless Of Election Results, Bloomberg And Goldman Sachs Say Buy Stocks Linked To Federal Spending
Wall Street Breakfast: Semiconductor Consolidation Continues (Seeking Alpha)

In a report published Monday, Bank of America analyst Kevin Fischbeck reiterated a Buy rating on WellCare Health Plans (NYSE: WCG), but lowered the price target from $89.00 to $75.00.

In the report, Bank of America noted, “Our Buy rating reflects a view that the company is well positioned to take advantage of the near term Medicaid revenue opportunity (Medicaid expansion under Health Care Reform, new RFPs, duals) as well as the long-term Medicare Advantage opportunity.”

WellCare Health Plans closed on Friday at $61.61.

Latest Ratings for WCG

Jun 2016Cantor FitzgeraldMaintainsHold
May 2016Leerink SwannMaintainsOutperform
Feb 2016Bank of AmericaUpgradesUnderperformNeutral

View More Analyst Ratings for WCG
View the Latest Analyst Ratings

Posted-In: Bank of America Kevin FischbeckAnalyst Color Price Target Analyst Ratings


Related Articles (WCG)

View Comments and Join the Discussion!