B of A Securities Downgrades Molina Healthcare to Underperform, Announces $439 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Kevin Fischbeck downgraded Molina Healthcare (NYSE:MOH) from Neutral to Underperform and set a price target of $439.
March 28, 2024 | 1:02 pm
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Molina Healthcare was downgraded from Neutral to Underperform by B of A Securities, with a new price target of $439.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a bearish outlook on the company's future performance. The setting of a specific price target provides a benchmark that can influence investor expectations and market sentiment towards the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100