Mizuho Securities Starts Centene (CNC) at Neutral

March 9, 2021 4:03 PM EST
Get Alerts CNC Hot Sheet
Price: $65.43 --0%

Rating Summary:
    23 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 23 | New: 29
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Mizuho Securities analyst Ann Hynes initiates coverage on Centene (NYSE: CNC) with a Neutral rating and a price target of $65.00.

The analyst comments "We are initiating coverage of CNC with a Neutral Rating and $65 price target. CNC is the bellwether Medicaid provider, boasting a national market share of ~19%. As a result, the company is positively leveraged to the current Washington backdrop. A major concern for us is the company’s M&A strategy, given the high dependence on forecasted growth from acquisitions. In a market where assets are becoming more scare, more competitive, and more expensive, we worry about financial discipline in order to achieve its long-term revenue goals."

For an analyst ratings summary and ratings history on Centene click here. For more ratings news on Centene click here.

Shares of Centene closed at $61.72 yesterday.



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