Molina Healthcare (MOH) PT Raised to $378 at TD Cowen

TD Cowen analyst Gary Taylor raised the price target on Molina Healthcare (NYSE: MOH) to $378.00 (from $351.00) while maintaining a Buy rating.

The analyst commented, "We are updating our model after 2Q results. Our model remains largely unchanged with the reiteration of 2024 guidance and our modeled $3.50 (+15% yty) of incremental EPS growth into 2025. The stock has gapped up +18% over the last 2 days, and our price target moves from $351 to $378, or 14x our 2025 adj EPS estimate of $27.00."

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