Wedbush Lowers Universal American Price Target To $11

According to Wedbush, Universal American UAM price target is lowered to $11. Wedbush said that it is lowering its 2Q11E to ($0.01) and PT to $11 from $19 to reflect sale of the company's Part D business. “We continue to view the MA segment as an attractive acquisition target and could see potential upside from capital deployment strategies.” Universal American closed yesterday at $10.68.