Centene Remains A Buy Heading Into Q3
Seeking Alpha says Centene remains rated a Buy heading into Q3, citing operational improvements, disciplined capital management, and a valuation below sector averages. Medicaid margins are holding up despite expected 8–9% membership attrition, while Medicare profitability is improving and prescription drug plan margins are expected to exceed 3% for the year, up from 2%.
Why it matters — CNC watchers may note the report’s emphasis on resilient Medicaid margins and improving Medicare profitability amid expected membership attrition.