Wells Fargo Upgrades Centene to Overweight, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Stephen Baxter upgraded Centene (NYSE:CNC) from Equal-Weight to Overweight and increased the price target from $82 to $90, indicating a positive outlook on the company's stock.
January 02, 2024 | 11:50 am
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Centene's stock rating was upgraded by Wells Fargo from Equal-Weight to Overweight, and the price target was raised from $82 to $90, suggesting a bullish stance on the stock's future performance.
Upgrades by analysts, especially from reputable financial institutions like Wells Fargo, can have a significant positive impact on a stock's short-term price as they often lead to increased investor confidence and buying pressure. The raise in price target further supports the potential for stock price appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100