HALISTER1: WebMD Health Pointing Higher After Citi Upgrade, PT $65

WebMD Health Pointing Higher After Citi Upgrade, PT $65

(Bloomberg) -- WebMD Health indicates $48.50-$54 vs $48.23 close after Citigroup analyst Mark Kelley upgraded to buy on upside potential; PT $65 implies 35% boost from last close.
  • Expects 2017 healthcare advertising budget growth of 8%-12%
  • Even an in-line guidance for CY17 "will be enough" to get the stock moving
  • NOTE: WBMD reports 4Q earnings on Feb. 16
  • NOTE: Stock has 6 buys, 4 holds, 0 sells, avg PT $61: Bloomberg
To contact the reporter on this story: Tatiana Darie in New York at tdarie1@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Will Daley
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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WBMD US (WebMD Health Corp)

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Mark Kelley (Citigroup Global Markets Inc)

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