Wolfe Research Reiterated a Peer Perform Rating on Centene Corporation (CNC)

Centene Corporation (NYSE:CNC) is one of the 10 Best Growth Stocks to Buy With Huge Upside Potential. On July 2, Wolfe Research analyst Justin Lake reiterated a Peer Perform rating on Centene Corporation (NYSE:CNC) without disclosing any price target.

The analyst noted that the company withdrew its 2025 earnings guidance, which was driven by significant pressure in Centene Corporation’s (NYSE:CNC) health insurance business. Notably, due to unexpected and elevated cost trends in Medicaid and challenges in the Health Insurance Marketplace risk adjustment transfers.

Wolfe Research Reiterated a Peer Perform Rating on Centene Corporation (CNC)

A doctor holding a clipboard in a hospital ward, discussing patient treatment plan with the nurses.

Wolfe Research lowered its EPS estimates for 2025 and 2026, expecting that the pressure from Medicaid, which is a much larger part of Centene Corporation (NYSE:CNC)’s business, would not be offset by Medicare or SG&A improvements. Due to the uncertainty surrounding 2026, the firm stated it would not be a buyer on the stock’s weakness following the guidance withdrawal.

Centene Corporation (NYSE:CNC) is a healthcare company that provides integrated services to government-sponsored and commercial healthcare programs.

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Disclosure: None. This article is originally published at Insider Monkey.