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Fly News Breaks for March 31, 2016
CNC
Mar 31, 2016 | 07:38 EDT
Citi analyst Ralph Giacobbe views concerns over Centene's growth in Affordable Care Act lives as unwarranted. The analyst believes Centene's Exchange book may offer upside to earnings for 2016. While peers are losing money, Giacobbe highlights Centene's network strategy and its payment structure to providers at closer to Medicaid rates. He reiterates a Buy rating on the shares with a $76 price target.
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