Molina Healthcare's stock rating was downgraded to "hold" despite a Wells Fargo upgrade, as earnings missed estimates.

Molina Healthcare (NYSE:MOH) saw its rating downgraded to "hold" by Baird R W, following a Wells Fargo upgrade to "overweight" with a higher price target. The consensus rating remains "hold" with a target price of $359.42. The company, which provides healthcare services to low-income families under Medicaid and Medicare across 19 states, recently reported earnings that missed analyst estimates.