Stifel Nicolaus is out with its report today on Amerigroup AGP, maintaining Hold.
In a note to clients, Stifel Nicolaus writes, "We believe the current $64.85 share price anticipates a favorable Texas outcome. Applying the current 2012 multiple to our new estimate yields $69. Additionally, our DCF methodology yields ~$60 with our new assumptions. As such, we are maintaining our Hold rating on AGP shares."
Shares of AGP closed Thursday at $64.85.
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