Jefferies Downgrades HMS Holdings (HMSY) to Hold; Greater Election Uncertainty

Jefferies downgraded HMS Holdings (NASDAQ: HMSY) from Buy to Hold with a price target of $32.00 (from $29.00).

Analyst, David Windley, said, "The SCOTUS decision to uphold ACA solidifies an accelerating growth outlook in '14-'15, but growth-related uncertainties remain. Medicaid RAC implementations and vendor selection processes should resume, but seem likely to be choppy. The upcoming election, Medicaid spending growth, and state participation in expansion are wild-cards. The 40% move since our upgrade captured the opportunity, in our opinion."

For an analyst ratings summary and ratings history on HMS Holdings click here. For more ratings news on HMS Holdings click here.

Shares of HMS Holdings closed at $34.27 yesterday.

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