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Fly News Breaks for October 6, 2015
MGLN
Oct 6, 2015 | 09:48 EDT
Jefferies analyst David Styblo calls Magellan Health's Florida rate update "surprisingly disappointing." The company's final rate of minus 3% is well below Styblo's expectation of a 5% increase. Nevertheless, after speaking to management, the analyst thinks the program can still get to profitability. He keeps a Buy rating on Magellan with a $71 price target.
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