Credit Suisse Reiterates Outperform Rating On WLP

Credit Suisse is reiterating its Outperform rating on WellPoint, Inc. WLP and finds the stock attractive at 9.4x its '11E EPS vs. 9.8x average for the group. “Our $74 DCF-derived PT is +19% upside on 12th January's close,” Credit Suisse writes. “The next catalyst will be 4Q10 earnings on Jan. 26, when we expect first time '11 EPS guidance.” WellPoint closed Wednesday at $61.93.