Morgan Stanley Downgrades Centene to Equal-Weight, Lowers Price Target to $73
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Ricky Goldwasser has downgraded Centene (NYSE:CNC) from Overweight to Equal-Weight and lowered the price target from $94 to $73.
August 30, 2023 | 9:02 am
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NEGATIVE IMPACT
Centene's stock has been downgraded by Morgan Stanley from Overweight to Equal-Weight, with a reduced price target of $73.
The downgrade from Morgan Stanley is likely to negatively impact Centene's stock in the short term. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100