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Fly News Breaks for July 18, 2019
CNC, ANTM
Jul 18, 2019 | 09:20 EDT
Stephens analyst Scott Fidel noted that Iowa agreed to an 8.6% rate increase in Medicaid MCO for the new fiscal year starting on July 1, calling the news a positive for Centene (CNC), which just began Medicaid operations in the state, and for incumbent Anthem (ANTM). Fidel, who thinks the rate increase should help improve margins for Anthem in Iowa and increase confidence in Centene's ability to achieve its initial targets there, keeps Overweight ratings on both stocks.
News For ANTM;CNC From the Last 2 Days
CNC
Apr 26, 2024 | 06:05 EDT
CNC
Apr 26, 2024 | 06:02 EDT
Reports Q1 revenue $40.41B, consensus $36.54B. "Centene's first quarter results demonstrate the strength of our diversified platform. We are pleased to raise full year 2024 guidance as we look to maximize the positive momentum being generated by our core businesses. We are executing against our strategic plans for growth and increasing access to affordable, high-quality healthcare for our members and the communities we serve," said Chief Executive Officer of Centene, Sarah M. London.
