Stephens & Co. Downgrades Centene to Equal-Weight, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Scott Fidel downgraded Centene (NYSE:CNC) from Overweight to Equal-Weight and reduced the price target from $92 to $85.

March 25, 2024 | 11:29 am
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NEGATIVE IMPACT
Centene downgraded by Stephens & Co. from Overweight to Equal-Weight, with a price target reduction from $92 to $85.
The downgrade from Overweight to Equal-Weight by a reputable analyst firm like Stephens & Co. typically indicates a less optimistic outlook on the stock's future performance. Additionally, lowering the price target from $92 to $85 suggests a revision of the expected stock value, potentially leading to short-term negative sentiment among investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100