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Fly News Breaks for June 20, 2016
HNT, CNC
Jun 20, 2016 | 08:22 EDT
After attending Centene's (CNC) bi-annual Investors Day, Leerink analyst Ana Gupte raised her price target on the company's shares to $80 from $78 citing its Health Net (HNT) integration that is on track with no unfavorable reserve development to date, scale and diversification offer consistent execution and earnings achievability, "strong" track record of growth in existing Medicaid markets, and potential new contract wins. Leerink has an Outperform rating on Centene's shares.
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