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Fly News Breaks for November 4, 2015
WCG
Nov 4, 2015 | 11:13 EDT
Stifel analyst Thomas Carroll said WellCare reported "beat and raise" results and he would be a buyer of the stock on the unexpected weakness after the quarterly report. Carroll noted that WellCare seems to be taking a new approach to communicating new business and he believes its communication around new business in Iowa is "spooking" investors. The analyst, who thinks Iowa is being accounted for "very conservatively" by the company, keeps a $110 price target and Buy rating on the stock.
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