UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on HMS Holdings Corp.
In a report published Monday, Jefferies & Company reiterated its Buy rating on HMS Holdings Corp. (NASDAQ: HMSY), and raised its price target from $29.00 to $34.00.
Jefferies noted, “We hosted a series of meetings with CFO Walter Hosp. HMSY remains our top pick based on: (1) positive thematic momentum through 2013 with its growth leveraged to Medicaid expansion; (2) conservative 2013 guidance; (3) accelerating growth in '14 and '15; and (4) considerable investor interest in the stock. 4Q12 consensus has dropped since our upgrade, reflecting lower expectations discounted in the stock.”
HMS Holdings Corp. closed on Friday at $27.88.
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