J.P. Morgan Maintains MHS Overweight Rating

J.P. Morgan has reported a maintained Overweight Rating On Medco Health Solutions Inc. MSH. According to the report, “We maintain our OW rating on MHS. We believe downside could be limited to roughly $50, which we arrive at by applying a conservative 15% discount to the current ESRX forward P/E multiple on MHS's 2011 EPS adjusted for the $0.60 in earnings attributable to the previously discussed accounts.” MHS has a $78.00 Price Target and closed at $52.24 yesterday.