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Fly News Breaks for December 15, 2016
MOH
Dec 15, 2016 | 06:22 EDT
Jefferies analyst David Windley downgraded Molina Healthcare to Hold saying further downside risk for shares is "meaningful" if funding for Medicaid expansion is lowered or eliminated. The analyst lowered his price target for the shares to $59 from $68 and feels the stock's risk/reward is no longer attractive. Windley believes a "lack of clarity on President-elect Trump's healthcare ground rules makes high conviction investing a challenge" in the Managed Care space.
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