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Fly News Breaks for May 30, 2018
WCG
May 30, 2018 | 08:38 EDT
Wells Fargo analyst Peter Costa raised his price target for WellCare to $250 from $240 after the company announced plans to acquire privately-held Meridian for $2.5B in cash, and given the expected accretion from the deal. The analyst believes Meridian is a "good strategic fit," but the markets seem less attractive. Costa reiterates an Outperform rating on the shares.
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