Market Overview

UPDATE: Wedbush Raises PT to $38 on Molina Healthcare on Medicaid Expansion

Share:
Related MOH
Managed Care Stocks Might Be The Best Defense Against Market Volatility
Molina Healthcare to Acquire Medicaid Assets of Integral Health Plan in Florida
Trade of the Day Long MOH - 82815 (Marketfy Insights)

Wedbush maintained Molina Healthcare (NYSE: MOH) with an Outperform rating and raised the price target from $33.00 to $38.00.

Wedbush analyst Sarah James wrote, "Raising price target to $38 from $33 and updating estimates to reflect Medicaid expansion and convert offering. While new contract implementations can create short-term margin pressure, we believe the path to growth is clear for MOH and 2015 earnings could be in the $2.75-3.50 range. If we use 2015 as a new run rate and discount the multiple back, we see MOH as undervalued."

Molina Healthcare closed at $33.32 on Wednesday.

Latest Ratings for MOH

DateFirmActionFromTo
Aug 2015LeerinkMaintainsOutperform
Jul 2015Stifel NicolausUpgradesHoldBuy
Jul 2015JefferiesMaintainsBuy

View More Analyst Ratings for MOH
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Price Target Analyst Ratings

 

Related Articles (MOH)

Get Benzinga's Newsletters