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

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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
Aug 2016JefferiesDowngradesBuyHold
Jun 2016Credit SuisseInitiates Coverage onOutperform
Apr 2016OppenheimerUpgradesSector PerformOutperform

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

 

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