UPDATE: Morgan Stanley Initiates Coverage on WellPoint on Margin Pressure, Long-Term Growth Potential
November 21, 2013 at 10:17 AM EST
In a report published Thursday, Morgan Stanley analyst Andrew Schenker initiated coverage on WellPoint (NYSE: WLP ) with an Equal-Weight rating. In the report, Morgan Stanley noted, “Highest exposure to commercial exchanges and the potential loss of existing small group and individual franchise could pressure margins next year. Increased exposure