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Molina Healthcare Jumps 5.7% After Wells Fargo Maintains Equal-Weight
Molina Healthcare (MOH) surged 5.7% to $189.44 after five major Wall Street firms, including Truist Securities, UBS, Wells Fargo, Morgan Stanley, and Barclays, raised their price targets on the managed care provider. Despite the increased price targets, the analysts largely maintained neutral or negative ratings, highlighting a cautious optimism about the company’s prospects. The average new price target across these firms is $165, which is below Molina’s current trading price.