We have upgraded our recommendation on Molina Healthcare Inc. (NYSE:MOH) to Outperform from Neutral based on its steadily increasing premium revenue, membership growth and a strong 2012 financial guidance. Moreover, the improvement of the Medicaid health plan business due to the strategy of expansion via acquisitions could be a significant opportunity for the company.
Molina reported third quarter operating earnings of 41 cents per share, which came in 2 cents ahead of the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards