Cantor Fitzgerald Reiterates Hold Rating, $29 PT for Centene
In a report published earlier today, Cantor Fitzgerald L.P. reiterated its Hold rating and $29.00 price target for Centene Corp. (NYSE: CNC).
Cantor Fitzgerald went on to say “Centene's earnings shortfall is a big psychological blow to the Medicaid names, which have surged on the expectation that the increased application of managed care to complex cases will boost the sector's business, but earnings have lagged. This raises concern about its ability to capitalize on the industry's growth in other new and larger markets.”
Centene Corp. closed yesterday at $28.20.
Latest Ratings for CNC
|Oct 2016||Credit Suisse||Maintains||Outperform|
|Sep 2016||Evercore ISI Group||Initiates Coverage on||Buy|
|Sep 2016||Leerink Swann||Downgrades||Outperform||Market Perform|
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