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Fly News Breaks for July 8, 2015
HNT, CNC
Jul 8, 2015 | 06:57 EDT
Wells Fargo upgraded Centene (CNC) to Outperform from Market Perform and raised its price target range for shares to $81-$85 from $78-$82. Wells believes the acquisition of Health Net (HNT) will provide Centene a platform to grow in Medicare Advantage. It also views shares as less expensive given the anticipated 20% accretion from the deal.
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