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UPDATE: Bank Of America Upgrades WellPoint Inc

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In a note released Monday morning, Bank of America analyst Kevin Fischbeck upgraded shares of WellPoint Inc (NYSE: WLP) from Neutral to Buy and raised the price objective from $125 to $140.

Fischbeck wrote, "The current valuation overly discounts HC Reform risks and undervalues the company's growth profile and competitive scale advantage."

As support for his optimistic view, Fischbeck pointed to the company's expectations for increased EPS despite significant headwinds for its small group EBIT, as well as "best in class" unit costs and SG&A.

Looking ahead, Fischbeck is predicting an ESP of $8.80, $9.45,and $10.49, respectively, from 2014-2016.

Latest Ratings for WLP

DateFirmActionFromTo
Nov 2014Bank of AmericaMaintainsBuy
Nov 2014UBSMaintainsBuy
Oct 2014BarclaysMaintainsEqual-Weight

View More Analyst Ratings for WLP
View the Latest Analyst Ratings

 

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

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TRGPCredit SuisseMaintains40.0
SNOWCredit SuisseMaintains275.0
DARCredit SuisseMaintains95.0
CLRMKM PartnersDowngrades26.0
View the Latest Analytics Ratings
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