Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on HMS Holdings Corp.

Share:
Related HMSY
Mid-Day Market Update: Crude Oil Down 3%; Proteon Therapeutics Shares Spike Higher
Wall Street's M&A Chatter From March 13

In a report published Monday, Jefferies & Company reiterated its Buy rating on HMS Holdings Corp. (NASDAQ: HMSY), and raised its price target from $29.00 to $34.00.

Jefferies noted, “We hosted a series of meetings with CFO Walter Hosp. HMSY remains our top pick based on: (1) positive thematic momentum through 2013 with its growth leveraged to Medicaid expansion; (2) conservative 2013 guidance; (3) accelerating growth in '14 and '15; and (4) considerable investor interest in the stock. 4Q12 consensus has dropped since our upgrade, reflecting lower expectations discounted in the stock.”

HMS Holdings Corp. closed on Friday at $27.88.

Latest Ratings for HMSY

DateFirmActionFromTo
Mar 2017Raymond JamesInitiates Coverage OnOutperform
Feb 2017First AnalysisDowngradesOverweightEqual-Weight
Aug 2016JefferiesDowngradesBuyHold

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!