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Fly News Breaks for February 5, 2020
WCG, CNC
Feb 5, 2020 | 07:19 EDT
Credit Suisse analyst A.J. Rice raised his price target for Centene (CNC) to $72.50 from $65 after the company reaffirmed its previous accretion outlook for the WellCare (WCG) acquisition of at least break even in the first full year and mid-to-upper single digit in the second full year. Further, management affirmed that consolidated EPS expectations for 2020 will remain the same or move up when the March detailed guidance is offered, he adds. The analyst has a Neutral rating on Centene's shares.
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