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Morgan Stanley Keeps Their Hold Rating on Centene (CNC)

Tipranks - Thu Mar 5, 10:30PM CST

In a report released yesterday, Erin Wright from Morgan Stanley maintained a Hold rating on Centene, with a price target of $45.00.

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According to TipRanks, Wright is a 5-star analyst with an average return of 14.8% and a 65.35% success rate. Wright covers the Healthcare sector, focusing on stocks such as Humana, Elanco Animal Health, and Option Care Health.

In addition to Morgan Stanley, Centene also received a Hold from TipRanks – OpenAI’s OpenAI Medical – Healthcare Plans in a report issued today. However, on February 25, Truist Financial reiterated a Buy rating on Centene (NYSE: CNC).

Based on Centene’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $49.73 billion and a GAAP net loss of $1.1 billion. In comparison, last year the company earned a revenue of $40.81 billion and had a net profit of $283 million

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