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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.
News For WCG From the Last 2 Days
May 24, 2018 | 07:11 EDT
Molina Healthcare (MOH) announced that its board has appointed Thomas Tran as its new CFO and treasurer, effective June 4, as Joseph White, currently CFO, has announced his plans to retire from the company as of that same date. As CFO for Molina Tran will have oversight of the company's finance, accounting, reporting, budgeting and forecasting, actuarial, investor relations and treasury functions. Tran brings over 35 years' experience in health care, including six years as CFO of WellCare (WGC), where he financially managed the company with $14B of revenue and helped lead its turnaround.
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