Centene price target lowered to $73 from $75 at Stephens

Stephens analyst Scott Fidel lowered the firm’s price target on Centene (CNC) to $73 from $75 and keeps an Equal Weight rating on the shares. At its investor day, the company framed an embedded earnings power opportunity for investors to track along the company’s journey to driving long-term adjusted EPS growth of 12% to 15% annually, says the analyst, who has updated the firm’s model following the event.