WellCare upgraded to Overweight from Neutral at JPMorgan. JPMorgan analyst Gary Taylor upgraded WellCare (WCG) to Overweight from Neutral and raised his 2019YE price target to $287 from $223, telling investors in a research note that while he has missed strong stock performance over the last two months, he thinks WellCare still has the opportunity to drive long-term investor value through organic growth, acquisitions and operational execution driving higher margins. This morning, Taylor also downgraded peer Molina Healthcare (MOH) to Neutral from Overweight.
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