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CNC

Centene

$119.97

1.59 (1.34%)

07:39
01/14/19
01/14
07:39
01/14/19
07:39

Centene initiated with an Overweight at Stephens

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.

  • 05

    Feb

  • 28

    May

CNC Centene
$119.97

1.59 (1.34%)

12/17/18
GSCO
12/17/18
DOWNGRADE
GSCO
Buy
Centene downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Stephen Tanal removed Centene from the Conviction Buy List and lowered its price target to $144 from $155 to reflect risk associated with a potential adverse outcome in the Texas versus United States ACA ruling.
12/17/18
BMOC
12/17/18
NO CHANGE
Target $160
BMOC
Outperform
BMO says Centene's strong visibility temporarily overshadowed by ACA ruling
BMO Capital analyst Matt Borsch said Centene held a "very positive investor day" but that the event has been somewhat overshadowed by the federal court ruling against Obamacare. The ruling introduces a risk to Centene's ACA and Medicaid expansion business, but he is optimistic that investors will agree with the view of "most legal experts" who expect the ruling to be successfully challenged at the appellate level. Borsch, who thinks the most important takeaway from the investor day was the visibility on sources of 2019 revenue growth, keeps an Outperform rating on Centene shares.
12/17/18
12/17/18
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Best Buy (BBY) downgraded to Underperform from Neutral at BofA/Merrill analyst Curtis Nagle citing his caution about key product categories that include TVs, Apple (AAPL) products and gaming. 2. Illinois Tool Works (ITW) downgraded to Sell from Hold at Deutsche Bank. 3. Chesapeake Utilities (CPK) and Middlesex Water (MSEX) were downgraded to Neutral from Buy at Janney Montgomery Scott. 4. Callaway Golf (ELY) downgraded to Neutral from Buy at Roth Capital with analyst Dave King citing the recent acquisition of Jack Wolfskin and saying that the deal moves Callaway beyond its core competency in golf. 5. Centene (CNC) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Stephen Tanal citing risk associated with a potential adverse outcome in the Texas versus United States ACA ruling. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/28/18
PIPR
12/28/18
NO CHANGE
PIPR
Piper says buy Centene, sell Community Health if recession were to occur
After performing a recession risk/reward for Hospitals and Managed Care Organizations, Piper Jaffray analyst Sarah James recommends buying Centene (CNC) and selling Community Health Systems (CYH) if a recession were to occur. The analyst says that with some economists calling for a recession in 2019, she dug into the potential impacts across the hospital and insurance sector. For hospitals, consumer surveys point to economic outlook impacting decisions to receive services, James tells investors in a research note. On the other hand, insurers are a "natural defensive sector in a recession," adds the analyst. As such, in a recession James would be adding exposure to insurers and lightening hospitals.

TODAY'S FREE FLY STORIES

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PHG

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NWSA

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FDC

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BLK

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MS

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, AAPL

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MS

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AAPL

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SIG

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LPCN

Lipocine

$2.24

0.65 (40.88%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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LMB

Limbach Holding

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$NYE

NYSE Market Internals

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LPCN

Lipocine

$2.27

0.68 (42.77%)

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CVE

Cenovus Energy

$7.79

-0.19 (-2.38%)

12:10
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Options
Second day of call buying in Cenovus Energy continues as shares slump »

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SQ

Square

$68.79

2.9 (4.40%)

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ALBO

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GPOR

Gulfport Energy

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UNFI

United Natural Foods

$13.09

-2.32 (-15.06%)

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ESTE

Earthstone Energy

$5.28

-1.49 (-22.01%)

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SIG

Signet Jewelers

$25.49

-7.885 (-23.63%)

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SKX

Skechers

$27.64

2.27 (8.95%)

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CSV

Carriage Services

$18.60

1.61 (9.48%)

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  • 17

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SNH

Senior Housing

$12.82

-0.07 (-0.54%)

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SHLD

Sears

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OZM

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TGT

Target

$68.66

0.78 (1.15%)

, PLCE

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$87.83

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TGT

Target

$68.66

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PLCE

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CRI

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$78.68

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GPS

Gap

$25.28

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  • 03

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