Market Overview

UPDATE: Jefferies Raises PT on Centene on 2013 Guidance

Share:
Related CNC
Oppenheimer Comments On 2 Biotech Stocks
Oppenheimer Boosting Targets In Healthcare On 'Exposure To Interest Rate Changes'
Notable earnings before Tuesday's open (Seeking Alpha)

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
Apr 2015OppenheimerMaintainsOutperform
Mar 2015BarclaysMaintainsOverweight
Feb 2015BarclaysMaintainsOverweight

View More Analyst Ratings for CNC
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (CNC)

Around the Web, We're Loving...