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Fly News Breaks for July 6, 2015
HNT, CNC
Jul 6, 2015 | 08:27 EDT
After Centene (CNC_) agreed to buy Health Net (HNT), Sterne Agee CRT calls the deal, "a master stroke strategically that is highly accretive." The firm says that the deal will enable Centene to "become an aggressive participant in the exchanges." Sterne Agee cRT estimates that the deal will be 20%+ accretive to Centene's cash EPS in the first full year after the transaction closes. The firm keeps an $84 price target and Buy rating on Centene.