Centene price target raised to $59 from $45 at Bernstein

Bernstein analyst Lance Wilkes raised the firm’s price target on Centene (CNC) to $59 from $45 and keeps an Outperform rating on the shares. The firm sees a sector turnaround in the government managed care organization sector beginning in 2026, but expects to see bumps in the recovery. Bernstein believes all MCO sectors present attractive entry points, with Medicare Advantage likely to see the nearest term earnings improvements and Medicaid representing the most attractive valuations.