WellCare Health Plans stock price target cut to $264 from $302 at Jefferies

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Wellcare profit rises, beats expectations

Wellcare Health Plans Inc. WCG on Tuesday reported a rise in second-quarter profit, and said it is pursuing regulatory approvals for its multibillion-dollar deal with Centene Corp. CNC. The Tampa, Fla.-based company earned a quarterly profit of $182.8 million, or $3.60 a share compared with $151.6 million, or $3.35 a share, for the same period last year.

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