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WellPoint (WLP -1.4%) dips after Morgan Stanley cut the shares to Equal-Weight this morning. The...
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Friday, August 17, 2012, 11:34 AM ETWellPoint (WLP -1.4%) dips after Morgan Stanley cut the shares to Equal-Weight this morning. The firm says it's facing more pressure from an unfavorable mix of commercial health-insurance prices and medical costs, and its "risk-reward looks less compelling" than that of its peers. WLP cut FY12 guidance last month due to waning membership, and Morgan sees that that trend continuing over the second half as well.
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