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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 08:49 EDT
JPMorgan analyst Gary Taylor upgraded Centene to Overweight from Neutral with an $88 price target following a period of restriction. The analyst believe Centene's government-focused platform remains a long-term growth story fueled by privatization. Further, the company trades at a discount to its history, the group and the S&P 500 Index due to multiple overhangs, Taylor tells investors in a research note. However, he believes the election, Supreme Court, block grant and public charge overhangs will all likely prove immaterial.
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