Magellan Health (MGLN) Tops Q4 EPS Expectations

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Jefferies Reiterates Buy on Magellan Health (MGLN) Following 4Q - PT to $77

March 1, 2016 9:35 AM EST

Jefferies reiterated a Buy rating on Magellan Health Services (NASDAQ: MGLN), and raised the price target to $77.00 (from $73.00), following the company's 4Q.

Analyst David Styblo commented, "We still believe MGLN is undervalued despite today's surge (+8% vs S&P's -0.3%). The Healthcare and Pharmacy Solution... More