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WellPoint Inc. (NYSE:WLP): Leerink believes that the acquisition of Amerigroup (NYSE:AGP), by Wellpoint, is beneficial because it diversifies the company’s revenue away from their commercial business. They noted, however, that the price paid is expensive. Leerink keeps a Market Perform rating on shares of Wellpoint.
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Cabot Oil & Gas Corporation (NYSE:COG): To reflect the company’s Pearsall joint venture, Ladenburg raised its price target for Cabot Oil & Gas. The firm reiterates a Buy rating on the stock.
Allegiant Travel Company (NASDAQ:ALGT): Citing the company’s better cost guidance, Imperial Capital raised its estimates and price target for Allegiant Travel. The firm maintains an Outperform rating on the stock.
Allergan Inc. (NYSE:AGN): Carmark has removed Allergan’s ophthalmology product, Lumigan, from its 2013 formula coverage, this will impact 2013 earnings by 15c, RBC said.
Varian Medical Systems Inc. (NYSE:VAR): After CMS published proposed reductions in reimbursement rates for patients receiving radiation therapy at clinics, Cantor Fitzgrerald noted that the agency increased reimbursement rates for cancer patients receiving radiation therapy in hospitals. The firm thinks that CMS will moderate the rate cut in the final rule, and it believes that today’s decline in Varian is an overreaction.
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