WellPoint (NYSE:WLP) Assets Position Them for Long-term Success

The quality of assets under the control of WellPoint (NYSE:WLP) has them positioned for success over the long term, according to Barclays (NYSE:BCS).

Barclays said, "We believe that WellPoint controls a preferred set of assets for long-term success in health insurance. The company has a broad set of products allowing for participation in various areas of growth. As a Blues licensee, the company maintains one of the only strong brand advantages in a business that is moving closer to the consumer. Additionally, WellPoint maintains leading local market share, which we see as the ultimate characteristic of success for this industry. After a period of industry and company dislocation, our thesis is simply that it is time for WellPoint to execute on its basic strategy. We believe success on this path should provide strong returns for investors."

Barclays maintains an "Overweight" on WellPoint, which closed Tuesday at $56.56, up $0.46, or 0.82 percent. Barclays has a price target on them of $74.