Market Overview

UPDATE: Jefferies & Company Upgrades HMS Holdings to Buy, Raises PT

Related HMSY
Benzinga Weekly Preview: Retail In Focus
Benzinga's Top Upgrades

In a report published Friday, Jefferies & Company upgraded its rating on HMS Holdings Corp. (NASDAQ: HMSY) from Hold to Buy, and raised its price target from $21.50 to $29.00.

Jefferies noted, “We believe management has guided '13 with adequate conservatism, after misses in 2012. We are more optimistic on the positive impact of Medicaid expansion in 2014/15 and the high likelihood of Medicare RAC reprocurement. The remaining issue, a potentially soft 4Q, is being telegraphed and discounted in the stock. With HMSY down 40% from mid-'12 highs, investors should look to buy, with 4Q providing maybe a brief lower level.”

HMS Holdings Corp. closed on Thursday at $22.61.

Latest Ratings for HMSY

DateFirmActionFromTo
Sep 2014Stephens & Co.Initiates Coverage onOverweight
Aug 2014First AnalysisUpgradesEqual-weightOverweight
May 2014JefferiesMaintainsBuy

View More Analyst Ratings for HMSY
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (HMSY)

Around the Web, We're Loving...

Get Benzinga's Newsletters