WellPoint (WLP), right alongside Cigna, has benefited more than the managed care peer group from the recent rally.The managed care sector as a whole rebounded from a p/e level that was 40% of the broad market early in 2009, to 60% of the market more recently. Monness Crespi's Avik Roy thinks that once the public option died, WellPoint and Cigna received price bumps from an excessively discounted risk level.
Health Care Stocks to Watch in 2010
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