Wedbush analyst Sarah James raised her price target on Outperform-rated Centene (NYSE: CNC) to $125.00 (from $119.00) citing greater confidence around execution and updated growth outlook.

James commented, "The consistency of earnings throughout 8 contract implementations in 2014 and 3 so far in 2015 speaks to Centene's strong operating structure and cost cutting capabilities as well as management experience and skill in setting expectations; We are now more confident on 2015 and 2016 and are raising our estimates to $5.25 from $4.84 and $6.05 from $5.73 respectively. Our model update also includes enrollment of 350K in LA vs our prior estimate of 212K, the nursing home carve-in on TX STAR+PLUS beginning 3/1, and 29-47K lives from the IN expansion."

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Shares of Centene closed at $111.49 yesterday.