Stock Insights: J. M. Smucker, Alcoa, CBS, Molina Healthcare April 9th

Alcoa, Inc. (NYSE:AA): Deutsche Bank believes Alcoa may announce a 6% equity issuance in 2012 to fund a $650M pension gap. The firm expects to company to report Q1 earnings of (5c) on April 10 and keeps a Hold rating on the stock ahead of the results.

The J. M. Smucker Company (NYSE:SJM): Deutsche Bank believes J.M. Smucker’s goal is doubling free cash flow in the next five years is achievable. As such, the firm finds the stock attractive at current levels. Deutsche raised its price target for shares to $88 from $82 and keeps a Buy rating on the name.

CBS Corporation (NYSE:CBS): Deutsche Bank raised its estimates and price target for CBS and thinks the stock looks cheap at current levels. The firm keeps a Buy rating on the stock.

Molina Healthcare Inc. (NYSE:MOH): Deutsche Bank says Ohio did not renew Medicaid contracts with the four incumbent pure]plays: Amerigroup (NYSE:AGP), Centene (NYSE:CNC), Molina Healthcare (NYSE:MOH), WellCare (NYSE:WCG). Deutsche says the Ohio loss will likely have the most negative impact on Molina, and be more manageable for the other three companies. The firm notes Ohio was Molina’s largest single health plan market in 2011 and accounted for nearly 22% of premium revenue. Deutsche adds that Ohio accounted for 7% of total enrollment in 2011 for Centene and WellCare, and less than 3% of enrollment in Q4 for Amerigroup.

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