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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 15:52 EDT
Stephens analyst Scott Fidel said the Centene issued "tepid" 2020 guidance that was a bit softer than expected, though the stock has still gapped up today due to Joe Biden's "Super Tuesday surge." For now, he is building the full 17c EPS impact of the New York proposed cuts into his model, though Fidel noted that the company remains in discussions with the state to lessen the impact. While he trimmed his EPS estimates, Fidel keeps an Overweight rating and $76 price target on Centene shares.
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