Goldman Sachs restores WellPoint's (WLP -0.7%) "Neutral" rating after removing it when the...

|By:, SA News Editor

Goldman Sachs restores WellPoint's (WLP -0.7%) "Neutral" rating after removing it when the health insurer said in July it would buy Amerigroup for $4.46B. However, analyst Matthew Borsch likes the deal, due to the latter company's strong position in a Medicaid market that is poised for growth. Meanwhile, WellPoint names Patrick Blair as Chief Marketing Officer, a position similar to one he held at Amerigroup. (PR)