Analysts are Downgrading These 5 Stocks Today

4. Molina Healthcare, Inc. (NYSE:MOH)

Number of Hedge Fund Holders: 36

Molina Healthcare, Inc. (NYSE:MOH) has declined 6.03% as of 11:22 AM ET after the California-based Medicaid-levered managed-care company received a double downgrade in rating from Kevin Fischbeck at Bank of America. The analyst downgraded Molina Healthcare, Inc. (NYSE:MOH) from a Buy to an Underperform rating. He also decreased the price target on Molina Healthcare, Inc. (NYSE:MOH) from $355 to $335, reflecting a potential upside of 12.81% from the last closing price. Fischbeck expressed concern over the anticipated higher medical loss ratio for 2023. The analyst also added that Molina Healthcare, Inc. (NYSE:MOH) does not have many factors in its favor to counteract the impact. Molina Healthcare, Inc. (NYSE:MOH) would have to undergo the impact of lower Medicaid membership along with the expiry of the Affordable Care Act subsidies.

Of the 912 hedge funds in Insider Monkey’s database as of Q1 2022, 36 funds held a position in Molina Healthcare, Inc. (NYSE:MOH).