Wall Street downgrades Centene after guidance pull; shares crater

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Go back to Wall Street downgrades Centene after guidance pull; shares crater

Wolfe Research Reiterates Peerperform Rating on Centene (CNC)

July 2, 2025 3:13 PM EDT

Wolfe Research analyst Justin Lake reiterated a Peerperform rating on Centene (NYSE: CNC).

The analyst comments "CNC Withdraws 2025 Guidance on Marketplace / Medicaid Headwinds Yesterday after the market close, CNC announced it was withdrawing 2025 guidance, primarily driven by the Marketplace business. Given the significant level of earnings contribution from HIX, this was one of the top investor concerns heading into Q2 following ELVs comments at a recent competitor conference citing MLR pressure from attrition and a shift in the risk pool. In its... More