Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on HMS Holdings Corp.

Share:
Related HMSY
Benzinga's Top Upgrades, Downgrades For July 11, 2017
Benzinga's Top Upgrades, Downgrades For June 14, 2017

In a report published Monday, Jefferies & Company reiterated its Hold rating on HMS Holdings Corp. (NASDAQ: HMSY), but lowered its price target from $32.00 to $21.50.

Jefferies noted, “Mounting frustration with claim-processing delays, tepid Medicaid spending growth, slow RAC implementations, and multiple guidance reductions have taken their toll on HMSY. Growing anxiety over a Romney win also has not helped. However, we believe we are approaching a point where even the most negative of scenarios is priced in. HMSY offers a binomial play of the election.”

HMS Holdings Corp. closed on Friday at $20.61.

Latest Ratings for HMSY

DateFirmActionFromTo
Jul 2017Canaccord GenuityInitiates Coverage OnBuy
Jun 2017Cantor FitzgeraldInitiates Coverage OnOverweight
Mar 2017Raymond JamesInitiates Coverage OnOutperform

View More Analyst Ratings for HMSY
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (HMSY)

View Comments and Join the Discussion!