UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on HMS Holdings Corp.
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
|Jun 2016||Credit Suisse||Initiates Coverage on||Outperform|
|Apr 2016||Oppenheimer||Upgrades||Sector Perform||Outperform|
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