Wells Fargo Maintains Equal-Weight on Molina Healthcare, Lowers Price Target to $375
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 $410 to $375.

April 29, 2024 | 6:10 pm
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NEGATIVE IMPACT
Wells Fargo maintains an Equal-Weight rating on Molina Healthcare and lowers the price target from $410 to $375.
The reduction in price target by Wells Fargo 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 influence investor perception and stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100