UPDATE: Feltl & Company Raises PT to $10.30 on Metropolitan Health Networks


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Feltl & Company raises its price target to $10.30 on Strong-Buy-rated Metropolitan Health Networks (NYSE: MDF) on better-than-expected membership growth. Feltl & Company says, "Metropolitan reported its first quarter since closing the Continucare (CNU) acquisition, and as expected there were several one-time charges making the pro forma analysis rather challenging. That being said we believe this was a strong quarter, especially from a medical expense ratio and EBITDA perspective. Furthermore MDF announced robust membership gains that positions it for solid double digit revenue growth in 2012."MDF closed at $7.94 a share yesterday.

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Posted In: Analyst ColorPrice TargetReiterationIntraday UpdateAnalyst RatingsFeltl & Company