UPDATE: Susquehanna Raises PT on WellCare Health Plans Ahead of 3Q Results Report

In a report published Wednesday, Susquehanna International Group analyst Chris Rigg reiterated a Positive rating on WellCare Health Plans (NYSE: WCG), and raised the price target from $75.00 to $83.00.

In the report, Susquehanna International Group noted, “We expect the managed care group will post solid third quarter results beginning when UNH kicks of earnings on October 17. The earnings period will matter for the group as Humana will offer specific EPS guidance for 2014 and others, particularly UNH, are likely to offer at least some preliminary expectations for next year.”

WellCare Health Plans closed on Tuesday at $71.10.