Bernstein analyst Lance Wilkes raised the firm’s price target on Centene (CNC) to $45 from $36 and keeps an Outperform rating on the shares. The firm notes the company reported Q3 earnings with adjusted EPS of 50c, 65c above consensus of (15c), with 10c of the beat coming from a tax benefit. Management raised FY25 EPS guidance to at least $2.00, Bernstein adds.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNC:
- Centene price target raised to $45 from $36 at Bernstein
- Midday Fly By: Microsoft, Nvidia invest in Anthropic
- Trump Trade: President says U.S. planning to sell F-35 jets to Saudi Arabia
- Trump says health insurance companies have ‘ripped off America long enough’
- Einhorn’s DME Capital bought PG&E and United Parks in Q3