Truist analyst David MacDonald lowered the firm’s price target on Molina Healthcare to $380 from $400 but keeps a Buy rating on the shares after its Q4 results. The company has had a solid finish to 2022 marked by membership, revenue, MCR and adjusted EPS all better than the firm’s expectations, though its price target cut reflects more recent market multiples, the analyst tells investors in a research note.
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Published first on TheFly
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