J.P. Morgan Raising Estimates On Molina Healthcare (MOH)

J.P. Morgan Chase & Co. is raising its estimates on Molina Healthcare, Inc. MOH, as it has a Neutral rating and a $33 price target on shares. In a note sent to clients, J.P. Morgan writes, "Our 4Q10 EPS estimate rises to $0.50/share from our former $0.40. In addition, our 2011/12 EPS estimates are now at $2.00 and $2.20, respectively, up $0.05 each. Our price target is $33, 15x our 2012 earnings view." Shares of MOH lost 41 cents yesterday to close at $25.47, a loss of 1.6%.