Jefferies Starts SXC Health Solutions (SXCI) at Buy

Before the open, Jefferies initiated coverage on SXC Health Solutions (NASDAQ: SXCI) with a Buy rating and $71 price target.

The firm said, "While the stock has had 500% run-up in the last two years, we believe SXC remains attractive given the company's strong contracting momentum, growing scale and operating leverage, solid business model that is well-positioned to take advantage of the PBM sector's near- and long-term fundamentals, and potential upside from likely capital deployment (i.e., acquisitions)."

For more ratings news on SXC Health Solutions click here and for the rating history of SXC Health Solutions click here.

Shares of SXC Health Solutions closed at $58.88 yesterday.

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