Citadel Securities Upgrades Molina Healthcare (MOH) to Neutral; Valuation Call

August 1, 2011 7:34 AM EDT
Get Alerts MOH Hot Sheet
Price: $59.68 +1.57%

Rating Summary:
    7 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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.

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