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Centene price target lowered to $87 from $95 at Stephens
The Fly

Centene price target lowered to $87 from $95 at Stephens

Stephens analyst Scott Fidel lowered the firm’s price target on Centene to $87 from $95 and keeps an Overweight rating on the shares. Centene provided "rather detailed granularity into its modeling assumptions" and also reset its 2024 EPS floor to greater than $6.60 from its prior view of great than $7.15, notes the analyst, who thinks the company’s latest assumptions "represent a relatively conservative view on Medicaid redeterminations" compared to peers for 2023-2024.

Published first on TheFly

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