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Fly News Breaks for July 15, 2015
HNT, CNC, MOH
Jul 15, 2015 | 07:23 EDT
Jefferies upgraded Centene (CNC) to Buy with an $88 price target saying the 10% pullback in shares since the announced acquisition Health Net (HNT) presents a buying opportunity. The deal gives Centene "significant strategic benefits," Jefferies tells investors in a research note. It thinks shares go to $110 in three years. Despite the upgrade, Jefferies says it prefers Molina Healthcare (MOH) in the Managed Care space.