In a report published Wednesday, Morgan Stanley analyst Andrew Schenker reiterated an Equal-Weight rating on Centene Corp. CNC.
In the report, Morgan Stanley noted, “CNC maintained its 2014 EPS guidance of $3.50 to $3.80 on the heels of an in-line fourth quarter. However, the outlook is now inclusive of the recent USMM acquisition and the industry fee/gross up from all states. We have increased our FY14 EPS by $0.06 to $3.60 to reflect these disclosures.”
Centene Corp. closed on Tuesday at $58.79.
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