S&P Capital IQ Reiterates its BUY Rating on WEBMD

October 25 00:00 2011

NEW YORK, October 25 (RainbowNewsLine.com) – Analyst Scott Kessler of S&P Capital IQ reiterates his BUY rating on the shares of WebMD Health Group (NASDAQ: WBMD).

Analyst Scott Kessler, in a research note published yesterday, mentions that entities controlled by Carl Icahn has acquired an 8% stake in WBMD, as they perceived the stock was undervalued from a long term perspective. The entities in their SEC filing indicated that the acquisition of WBMD shares was initiated two months back and have recently purchased options, the analyst says. Although the analyst is not sure about Carl Icahn’s plans, he believes the stock is undervalued and expects the shares to go up following the announcement of the acquisition.