Barclays upgrades Centene stock rating to Overweight on ACA margin upside
Barclays has upgraded Centene (NYSE:CNC) from Equalweight to Overweight and raised its price target to $54.00, citing potential margin improvements in the company's Affordable Care Act (ACA) exchange business. The upgrade is based on Centene's strong premium increases and stable competitive positioning expected to lead to 2.0% ACA margins by 2026, exceeding Street estimates for EPS in 2026 and 2027. Despite past challenges, Centene's financial health is rated "GREAT" by InvestingPro.
https://www.investing.com/news/analyst-ratings/barclays-upgrades-centene-stock-rating-to-overweight-on-aca-margin-upside-93CH-4429197