Bernstein lowered the firm’s price target on Centene (CNC) to $36 from $40 and keeps an Outperform rating on the shares. The firm sees a sector turnaround in the government MCO sector beginning in 2026, but expects to see bumps in the recovery. Bernstein believes all MCO sectors present attractive entry points, with MA likely to see the nearest term earnings improvements and Medicaid representing the most attractive valuations.
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