Amerigroup (AGP) rebounds after winning an expanded Medicaid contract extension in Texas, its...

|By:, SA News Editor

Amerigroup (AGP) rebounds after winning an expanded Medicaid contract extension in Texas, its largest market. Stifel Nicolaus upgrades shares to Buy, saying investors “are rethinking their views of the Medicaid MCOs in the wake of AGP’s disappointing 2Q results... the earnings miss drove an overreaction in the shares relative to pending growth.” AGP +5.1% premarket.