UPDATE: Wedbush Raises PT to $38 on Molina Healthcare on Medicaid Expansion

Wedbush maintained Molina Healthcare (NYSE: MOH ) with an Outperform rating and raised the price target from $33.00 to $38.00. Wedbush analyst Sarah James wrote, "Raising price target to $38 from $33 and updating estimates to reflect Medicaid expansion and convert offering. While new contract implementations can create short-term margin