UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Molina Healthcare on Increased Earnings Outlook

In a report published Monday, Jefferies reiterated its Hold rating on Molina Healthcare (NYSE: MOH ), and raised its price target from $24.00 to $31.00. Jefferies noted, “We are raising our price target to $31 and increasing our earnings outlook to reflect 1) the progress MOH has made on its