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Stock Market & Financial Investment News

News Breaks
March 26, 2013
05:52 EDTMGLNMagellan Health price target lowered to $52 from $61 at Deutsche Bank
Deutsche Bank lowered its price target for Magellan Health after the company lost the Arizona Medicaid contract to Maricopa, which has Aetna (AET) as its administrator. Deutsche estimates Maricopa generated 15%-20% of Magellan's 2012 EBITDA, but keeps a Buy rating on the stock.
News For MGLN From The Last 14 Days
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July 28, 2015
07:55 EDTMGLNMagellan Health selloff yesterday an overreaction, says Jefferies
Jefferies analyst David Styblo says shares of Magellan Health should have dropped 2%-4% yesterday post-earnings, not 13%. Trends began improving in July and margins should return to normalized levels in "short order," Styblo tells investors. He recommends buying the stock following yesterday's pullback. The analyst keeps a Buy rating on Magellan with a reduced price target of $76.
July 27, 2015
06:34 EDTMGLNMagellan Health raises FY15 adjusted EPS to $3.45-$3.90 from $3.41-$3.85
Consensus for FY15 EPS is $2.04. Backs FY15 revenue $4.45-$4.69B, consensus $4.47B.
06:31 EDTMGLNMagellan Health reports Q2 adjusted EPS 56c, consensus 40c
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