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Centene (CNC) Stock Climbs on Ratings Upgrade

NEW YORK (TheStreet) -- Shares of Centene (CNC) are rising 2.73% to $68.85 in early-morning trading on Monday following a ratings upgrade to "overweight" from "equal weight" at Barclays in a note released this morning.

The firm's $82 price target represents 22% upside potential from current valuations.

The upgrade reflects Centene's growth potential and a valuation that "more than reflects the change in growth rates for Centene with Health Net (HNT)," Barclays wrote.

Centene and Health Net closed their $6.3 billion merger in March, and the risk of a setback to the deal declines...