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Fly News Breaks for June 18, 2018
CNC
Jun 18, 2018 | 09:22 EDT
BMO Capital analyst Matt Borsch raised his price target on Centene to $150 and kept his Outperform rating after the company's Investor Day, saying its preliminary FY19 revenue guidance of $69B looks conservative given than half of the growth should come from a full year of Fidelis. The analyst adds that the target looks reasonable with added possibility of upside, while also noting his more positive view on Centene's improved visibility toward earnings drivers next year and beyond.
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