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Fly News Breaks for January 14, 2019
CNC
Jan 14, 2019 | 07:39 EDT
Stephens analyst Scott Fidel initiated coverage of 11 Managed Care and Healthcare Facilities stocks, telling investors that overall he is constructive on managed care and selective on hospitals. He started Centene with an Overweight rating and $147 price target, citing the company's outlook for about 20% revenue and adjusted EPS growth in 2019, the potential near-term catalyst of the upcoming $6.4B North Carolina managed Medicaid contract award and the 17% pullback in the stock in the past 3 months.
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