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

Feltl & Company raises its price target to $10.30 on Strong-Buy-rated Metropolitan Health Networks

on better-than-expected membership growth. Feltl & Company says, "Metropolitan reported its first quarter since closing the Continucare (

) 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.