Jefferies Reiterates Buy on Molina Healthcare (MOH) Following Last Minute Sit Down with Management
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Rating Summary:
13 Buy, 11 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies reiterates a Buy rating and $80.00 price target on Molina Healthcare (NYSE: MOH) following a sit down with MOH management. Analyst David Windley said that CEO, Dr. Molina, is confident on organic and inorganic growth oportunities.
Windley commented, "Management seems optimistic about growth prospects. During a recent (last minute) trip to the west coast, we were able to sit down with Dr. Molina and the IR team. CEO Molina expressed confidence around organic and inorganic growth opportunities, optimism about proposed Medicaid regulations, and hope for a robust Florida MMA rate increase. We continue to like the stock."
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 $67.98 yesterday.
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