Deutsche Bank Reports On WLP 1Q11 EPS

Deutsche Bank has issued a report on WellPoint, Inc. (NYSE: WLP) following the results of the 1Q11 EPS.

The report states, "While investors were likely expecting a significant EPS beat on favorable medical cost trends, WLP also accelerated its market share gains, reduced operating expenses on an absolute basis and generated operating cash flow that doubled our forecast. Moreover, despite buying back $742m in stock in 1Q, WLP ended the quarter with $2.4B in parent cash."

WLP is Buy rated and has an $80 Price Target.

WLP closed at $72.97 a share yesterday.