Market Overview

UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Molina Healthcare on Increased Earnings Outlook

Related MOH
Humana Investors Disappointed With Results Of Medicare Star Quality Ratings
Regardless Of Election Results, Bloomberg And Goldman Sachs Say Buy Stocks Linked To Federal Spending
Obamacare plans getting even more expensive (Seeking Alpha)

In a report published Monday, Jefferies reiterated its Hold rating on Molina Healthcare (NYSE: MOH), and raised its price target from $24.00 to $31.00.

Jefferies noted, “We are raising our price target to $31 and increasing our earnings outlook to reflect 1) the progress MOH has made on its problem areas; 2) favorable rate increases; and 3) better visibility into 2013 now that the company has provided EPS guidance. Friday's 10% surge (S&P 500 up 0.6%) was driven by the aforementioned, but the favorable NM RFP announcement late Friday afternoon also likely helped to provide support.”

Molina Healthcare closed on Friday at $31.88.

Latest Ratings for MOH

Sep 2016Goldman SachsUpgradesSellNeutral
Sep 2016JefferiesMaintainsBuy
Aug 2016BarclaysTerminatesEqual-Weight

View More Analyst Ratings for MOH
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings


Related Articles (MOH)

View Comments and Join the Discussion!