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Analysts Conflicted on These Healthcare Names: Centene (CNC) and AbbVie (ABBV)

Tipranks - Wed Jan 28, 11:28AM CST

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Centene (CNCResearch Report) and AbbVie (ABBVResearch Report).

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Centene (CNC)

In a report released today, David S Macdonald from Truist Financial reiterated a Buy rating on Centene. The company’s shares closed last Tuesday at $41.20.

According to TipRanks.com, Macdonald is a 5-star analyst with an average return of 11.8% and a 59.5% success rate. Macdonald covers the Healthcare sector, focusing on stocks such as Guardian Pharmacy Services, Inc. Class A, Concentra Group Holdings Parent, Inc., and Ardent Health Partners, Inc. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Centene with a $43.33 average price target, which is a -1.5% downside from current levels. In a report issued on January 16, Bernstein also maintained a Buy rating on the stock with a $59.00 price target.

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AbbVie (ABBV)

UBS analyst Michael Yee maintained a Hold rating on AbbVie yesterday. The company’s shares closed last Tuesday at $224.38.

According to TipRanks.com, Yee is a 1-star analyst with an average return of -0.5% and a 43.3% success rate. Yee covers the Healthcare sector, focusing on stocks such as Vertex Pharmaceuticals, MBX Biosciences, Inc., and Olema Pharmaceuticals. ;'>

Currently, the analyst consensus on AbbVie is a Moderate Buy with an average price target of $256.71, implying a 16.2% upside from current levels. In a report issued on January 20, Bernstein also maintained a Hold rating on the stock with a $225.00 price target.

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