Citigroup Reiterates Buy Rating, $58 PT on Magellan Health Services
Posted on December 31, 2012 at 12:28 PM EST
In a report published Monday, Citigroup reiterated its Buy rating and $58.00 price target on Magellan Health Services (NASDAQ: MGLN ). Citigroup noted, “On Monday, Magellan announced the loss of its contract with Horizon Blue Cross Blue Shield in New Jersey. We estimate this contract will generate $193 million in