Truist raised the firm’s price target on Centene to $92 from $86 and keeps a Buy rating on the shares as part of a broader research note and outlook for FY24 among Healthcare Services names. Truist remains “broadly constructive” on core fundamentals across the group given “brisk sector tailwinds” around demand, the move to value-based care, and demographics, along with the group’s attractive positioning within segments and robust cash generation. The firm also notes that financial flexibility across much of the group should continue to underpin strong growth investment, M&A, and shareholder value creation, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CNC:
- Centene upgraded to Overweight from Equal Weight at Wells Fargo
- Centene price target raised to $86 from $83 at Truist
- Centene price target raised by $8 at Cantor Fitzgerald, here’s why
- Centene price target raised to $90 from $82 at Cantor Fitzgerald
- Ambetter of Illinois partners with RUSH University System for Health