Market Overview

UPDATE: Jefferies Raises PT on Centene on 2013 Guidance

Share:
Related CNC
UBS Says Centene Faces No Weakness In Fundamentals, Despite Shakiness In Shares
Mid-Afternoon Market Update: Gold Futures Up 2%; CoLucid Shares Climb After Migraine Drug Achieves Primary And Key Secondary Endpoints

In a report published Wednesday, Jefferies reiterated its Hold rating on Centene Corp. (NYSE: CNC), and raised its price target from $41.00 to $43.00.

Jefferies noted, “2013 guidance continues to include optimistic assumptions that make it challenging to reach the high end of $2.60-2.90. Further, we may still be in for a cut. The market didn't care today (CNC up 6%) and the dominant focus seems to be on the LT growth opportunities, which are undeniably large. However, besides risk to 2013, 2014 EPS looks lofty and overlooks some risks.”

Centene Corp. closed on Tuesday at $44.99.

Latest Ratings for CNC

DateFirmActionFromTo
Sep 2016Evercore ISI GroupInitiates Coverage onBuy
Sep 2016Leerink SwannDowngradesOutperformMarket Perform
Jul 2016JefferiesMaintainsBuy

View More Analyst Ratings for CNC
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (CNC)

View Comments and Join the Discussion!