By: Benzinga
UPDATE: JP Morgan Downgrades CNC to Neutral Heading Into Reform Implementation
In a report published by JP Morgan, analyst Michael Newshel downgraded Centene (NYSE: CNC ) from Overweight to Neutral heading into reform implementation. The price target was raised from $44.00 to $50.00. JP Morgan reported that, “Downgrading CNC on more reasonable/conservative assumptions of Medicaid expansion, reflecting slower ramp
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