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Fly News Breaks for February 16, 2017
MOH
Feb 16, 2017 | 05:52 EDT
Stifel analyst Thomas Carroll downgraded Molina Healthcare to Hold and reduced its price target to $45 from $64 following the Q4 miss and guidance "massively" below expectations. Carroll commented the primary pressure came from ACA products which have continued to challenge operations amplified by "clunky" risk reducing programs and lack of risk corridor payments promised by the Federal government that did not materialize.
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