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Actionable news in MOH: MOLINA HEALTHCARE Inc,

Molina Healthcare (MOH) Stock Price Target Cut at Cantor Fitzgerald

NEW YORK (TheStreet) -- Molina Healthcare's (MOH - Get Report) price target was lowered to $55 from $65 at Cantor Fitzgerald on Monday morning. The firm has reiterated its "hold" rating on the stock.

The new price target comes after the Long Beach, CA-based provider of Medicaid-related services posted weaker-than-expected earnings for the 2016 first quarter last week.

Molina reported adjusted earnings of 51 cents per diluted share, missing analysts' forecasts of 81 cents per share. Revenue spiked by 37% to $4.34 billion year-over-year and beat expectations of $4.17 billion.

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