BofA raised the firm’s price target on Centene to $80 from $76 and keeps a Neutral rating on the shares after the company raised expectations for 2024 and detailed the path to 12%-15% compound annual EPS growth in 2025-plus. While Centene signaled confidence in key initiatives, the firm reiterates its Neutral rating as it believes that the algorithm laid out is “achievable,” but visibility is lower.
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