UBS Initiates Coverage on WellPoint; “Neutral” Rating (WLP)
UBS reported on Friday that it has initiated coverage on health benefit company, WellPoint, Inc. (WLP).
The firm has begun coverage on WLP with a “Neutral” rating and a $70 price target. This price target suggests a 2% increase from the stock’s current price of $68.49.
The company appointed a new CEO last month in a time of uncertainty in the business.
WellPoint shares were mostly flat during premarket trading Friday. The stock has declined -7% in the past year.
The Bottom Line
Shares of WellPoint, Inc. (WLP) have a 2.19% yield, based on Thursday’s closing price of $68.49.
WellPoint, Inc. (WLP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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