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Molina Healthcare downgraded to Hold from Buy at Truist

Truist analyst David MacDonald downgraded Molina Healthcare (MOH) to Hold from Buy with a price target of $180, down from $335. The company’s Q2 results and reduced outlook were impacted by accelerating medical cost pressures across all business lines, the analyst tells investors in a research note. The firm cites the challenging medical cost trend environment for the downgrade.

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