UPDATE: Wells Fargo Assumes Molina Healthcare (MOH) at Underweight

Wells Fargo analyst Stephen Baxter assumes coverage on Molina Healthcare (NYSE: MOH) with a Underweight rating and a price target of $253.00.

The analyst comments "While we have a lot of respect for what the management team has achieved, we think that risk/reward skews negative given our outlook for Medicaid broadly and our concern that company margins are near peak-levels. The market clearly expects MOH will remain active on the deal front (so do we), but our analysis of the potential pipeline leaves us thinking it will likely be harder to find good assets moving forward."

For an analyst ratings summary and ratings history on Molina Healthcare click here. For more ratings news on Molina Healthcare click here.

Shares of Molina Healthcare closed at $262.05 yesterday.

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