Wells Fargo Maintains Equal-Weight on Molina Healthcare, Lowers Price Target to $410
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Stephen Baxter has maintained an Equal-Weight rating on Molina Healthcare (NYSE:MOH) and reduced the price target from $440 to $410.

April 15, 2024 | 12:19 pm
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Wells Fargo maintains an Equal-Weight rating on Molina Healthcare and lowers the price target from $440 to $410.
The reduction in the price target by Wells Fargo, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in MOH's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the lowered price target suggests a reassessment of the stock's future growth prospects or valuation, which could impact investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100