Centene price target lowered to $95 from $110 at Loop Capital

Loop Capital analyst Joseph France lowered the firm’s price target on Centene to $95 from $110 but keeps a Buy rating on the shares after its Q4 results. The company has been one of the managed care group’s poorest performing stocks over the past year and now carries one of the group’s lowest multiples, but at its current 40% discount and with earnings growth expected to average 12% from 2021 through 2024, Centene is positioned to be a strong performer over the next two years, the analyst tells investors in a research note.