Analysts Conflicted on These Healthcare Names: Centene (CNC) and Bristol-Myers Squibb (BMY)
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Centene (CNC)
Bernstein analyst Lance Wilkes maintained a Buy rating on Centene yesterday and set a price target of $86.00. The company's shares closed last Tuesday at $32.60.
According to TipRanks.com, Wilkes is a 1-star analyst with an average return of -2.7% and a 43.4% success rate. Wilkes covers the Healthcare sector, focusing on stocks such as Molina Healthcare, Elevance Health, and HCA Healthcare.
Currently, the analyst consensus on Centene is a Moderate Buy with an average price target of $63.08, which is a 91.5% upside from current levels. In a report issued on July 2, Cantor Fitzgerald also maintained a Buy rating on the stock with a $65.00 price target.
Bristol-Myers Squibb (BMY)
In a report released yesterday, Courtney Breen from Bernstein maintained a Hold rating on Bristol-Myers Squibb. The company's shares closed last Tuesday at $47.04.
According to TipRanks.com, Breen is a 2-star analyst with an average return of 3.3% and a 61.9% success rate. Breen covers the Healthcare sector, focusing on stocks such as Gilead Sciences, Merck & Company, and Eli Lilly & Co.
The word on The Street in general, suggests a Hold analyst consensus rating for Bristol-Myers Squibb with a $59.53 average price target, representing a 27.6% upside. In a report issued on June 27, BMO Capital also maintained a Hold rating on the stock with a $53.00 price target.
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