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Fly News Breaks for June 29, 2016
CNC
Jun 29, 2016 | 08:08 EDT
As previously reported, Morgan Stanley upgraded Centene to Overweight from Equal Weight. Analyst Andrew Schenker said he has increased confidence in the stability of Centene's platform with the addition of Health Net and the long-term pipeline following meetings with management in Asia and the June Investor Day. The analyst said he came away with increased clarity and synergies on the deal and increased 2016-2018 forecasts approximately 3% above consensus. Schenker raised Centene's price target to $86 from $84.