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Fly News Breaks for May 4, 2016
MOH
May 4, 2016 | 05:36 EDT
Goldman Sachs analyst Matthew Borsch downgraded Molina Healthcare to Sell following the company's Q1 earnings miss and lowered outlook. The analyst sees a "high likelihood" of another earnings shortfall ahead of or on the next earnings report. Such an event would cause the shares to fall further, Borsch tells investors in a research note. He cut his price target for the shares to $45 from $75.
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