Stock Track | Centene Soars 5.02% Intraday on Price Target Boost and Cooperative Stance in House Probe

Stock Track02-11

Centene's stock soared 5.02% during intraday trading on Tuesday, marking a significant upward movement for the healthcare insurer.

The positive momentum comes as Deutsche Bank raised its price target on Centene to $39 from $32, while maintaining a Hold rating. This analyst action reflects improved sentiment toward the company's valuation prospects.

Additionally, Centene has adopted a cooperative stance in response to a House Judiciary Committee investigation into potential fraud involving Affordable Care Act premium subsidies. The company stated it is providing information to the committee with the goal of fighting fraud and increasing access, demonstrating transparency in addressing regulatory concerns.

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