Analysts Just Revised Their Ratings for These 5 Companies

3. Centene Corporation (NYSE:CNC)

Number of Hedge Fund Holders: 60

Shares of Centene Corporation (NYSE:CNC) rose nearly six percent on Tuesday, June 21, 2022, after receiving an upgrade from Credit Suisse. The research firm raised its ratings for the healthcare company from “Neutral” to “Outperform.”

Credit Suisse analyst A.J. Rice thinks that the possible headwinds have already mirrored in Centene’s shares and the stock has the potential to go higher from here. Rice increased his price target for Centene Corporation (NYSE:CNC) from $86 per share to $88 per share.

The upgrade came just a few days after Centene Corporation (NYSE:CNC) updated its profit outlook for the full year. The company now anticipates adjusted earnings in the range of $5.55 – $5.70 per share, up from its previous guidance of $5.40 – $5.55 per share.