Citadel Securities Upgrades Molina Healthcare (MOH) to Neutral; Valuation Call
Tweet Send to a FriendGet Alerts MOH Hot Sheet
Price: $38.04 -0.37%
Rating Summary:
2 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
2 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade MOH Now!
Citadel Securities upgraded Molina Healthcare (NYSE: MOH) from Reduce to Neutral with a price target of $21.00.
Citadel analyst says, "Poor earnings quality metrics combined with a heightened valuation resulted in the recent weakness in the shares, in our view. While we see continued earnings risk in 2H11, a potential near-term catalyst with TX Medicaid awards and a more reasonable valuation cause us to raise our rating on MOH shares to Neutral."
For more ratings news on Molina Healthcare click here and for the rating history of Molina Healthcare click here.
Shares of Molina Healthcare closed at $22.65 yesterday, with a 52 week range of $23.54-$43.43.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Citadel analyst says, "Poor earnings quality metrics combined with a heightened valuation resulted in the recent weakness in the shares, in our view. While we see continued earnings risk in 2H11, a potential near-term catalyst with TX Medicaid awards and a more reasonable valuation cause us to raise our rating on MOH shares to Neutral."
For more ratings news on Molina Healthcare click here and for the rating history of Molina Healthcare click here.
Shares of Molina Healthcare closed at $22.65 yesterday, with a 52 week range of $23.54-$43.43.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Applied Materials, Inc. (AMAT) Tops Q2 EPS by 3c, Offers Guidance
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- RBC Capital Upgrades TETRA Technologies Inc. (TTI) to Outperform
Create E-mail Alert Related Categories
UpgradesRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
