Fly News Breaks for March 21, 2018
Mar 21, 2018 | 06:32 EDT
Wells Fargo analyst Peter Costa upgraded WellCare to Outperform and raised his price target for the shares to $220 from $210. Following a review of managed care reserves, the analyst believes WellCare could benefit from significantly higher favorable prior period development in 2018. The company's focus on improving margins and growing Medicare should support solid earnings growth longer-term, Costa tells investors in a research note.
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