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Fly News Breaks for May 1, 2018
MGLN
May 1, 2018 | 08:44 EDT
As previously reported, Raymond James upgraded Magellan Health to Outperform and established an $101 price target. Analyst Michael Baker said the pullback following the loss of the Magellan Complete Care of Florida contract and the 1Q18 earnings miss is "overdone" and risk/reward is favorable. Baker thinks shares under appreciate key contract wins in Virginia and Arizona, which are key opportunities going forward.
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