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Stock Market & Financial Investment News

News Breaks
June 3, 2014
06:36 EDTCNC, WCGCentene downgraded to Sell from Neutral at Citigroup
Citigroup downgraded Centene (CNC) to Sell saying that Ascension Health is not buying a publicly traded health plan, as has been speculated. Citi notes that in a recent bond document, Ascension stated that it has entered into a non-binding letter of intent to buy an insurance company, saying the purchase price "would not be material." Shares of Centene (CNC) and WellCare (WCG) rallied last week on the speculation, the firm points out. Citi sees near-term earnings risk for Centene and keeps a $65 price target for shares.
News For CNC;WCG From The Last 14 Days
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May 27, 2015
08:10 EDTCNCCentene's asthma management program wins award from Dorland Health
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08:09 EDTCNCCentene's Florida subsidiary selected to offer Healthy Kids coverage statewide
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May 15, 2015
07:32 EDTWCGWellCare valuation compelling after selloff, says Leerink
Leerink views the valuation of WellCare shares as compelling following the company's "solid" Q1 results. The firm reiterates an Outperform rating on the stock with a $105 price target.

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