Centene, Molina cut at Morgan Stanley on near-term headwinds

7 hours ago 1
Wall Street sign in Lower Manhattan, NYC

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Morgan Stanley downgraded Centene (NYSE:CNC) and Molina Healthcare (NYSE:MOH) to Equal-Weight from Overweight on Thursday, arguing that the two Medicaid-focused rivals' near-term challenges offset the positives cited in the firm’s coverage initiations.

The downgrade came after Centene (NYSE:CNC) withdrew

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