- Morgan Stanley issued a “double upgrade” that hiked its rating on the stock from an Underweight to an Overweight. The firm also its price target from $65 to $68, which suggests an almost 20% upside from last night’s closing price of $56.78 a share.
- The stock has fallen almost 18% since hitting a 52-week high of $72.79 in late July, giving up almost all of the ground it gained after the company fires its CEO and CFO in May.
- Morgan Stanley’s Zack Sopcak says Molina is undergoing an ”extreme makeover” and sees the company “as being on the cusp of succeeding as the next MCO turnaround after bottoming out in 2Q.”
- (MCO = Managed Care Organization)
Trade with Eva: Analytics in action >>
Thursday, August 17, 2017
=Molina Healthcare (MOH): Morgan Stanley issues a "double upgrade"
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment