Goldman Sachs Raises EPS From $3.00 To $3.75 And PT From $52 To $57 On WCG

In a recent report, Goldman Sachs has increased the EPS on WellCare Health Plans WCG from $3.00 to $3.75 and the price target on WCG from $52.00 to $57.00 after a strong first quarter. In the report, Goldman Sachs said, "Beyond a very strong 1Q and higher outlook, recent events show that WCG is very near completing a resolution of the legal and regulatory issues that have been at the heart of the turnaround since new management was brought in more than two years ago. In short, it seems the positive catalysts are all coming together for the company this year." WellCare Health Plans closed Friday at $47.33.