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Fly News Breaks for December 19, 2016
CNC
Dec 19, 2016 | 07:56 EDT
After attending Centene's Investor Day, Wells Fargo notes that the company's guidance was lower than expected but incorporated a conservative view of its public exchange business. However, Wells continues to believe that the company is well-positioned due to "the continued shift towards managed care in the high acuity Medicaid population, (its) track record in winning new government businesses, and a new growth platform in Medicare following its Health Net acquisition." The firm keeps an Outperform rating on Centene.
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