Molina Healthcare price target lowered to $160 from $162 at Jefferies

Jefferies lowered the firm’s price target on Molina Healthcare (MOH) to $160 from $162 and keeps a Hold rating on the shares. The firm calculates a 40 basis point year-over-year Medicaid MLR improvement in 2026 and sees the 2027 Medicaid MLR landing at 92.6% with rate updates closing 60%-65% of the rolling “insufficiency gap,” the analyst tells investors.