Shares of Molina Healthcare (MOH) Trading Higher; Barclays Raises PT Ahead of Investor Day

Shares of Molina Healthcare (NYSE: MOH) are trading up over 3% in afternoon trading, despite most stocks in the health care (plan) sector being down.

This morning, Barclays raised its price target on MOH from $26 to $30 and maintained an 'Equalweight' rating.

Analyst, Joshua R. Raskin, thinks the company may issue strong preliminary 2013 guidance at Investor Day...Raskin also believes MOH is positioned in the right places (states) at the right time to take advantage of unpenetrated markets for comprehensive managed care.

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 $27.57 yesterday.

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