UPDATE: Oppenheimer Raises PT on Centene Corp Citing Strong 2Q13 Results

In a report published on Wednesday, Oppenheimer analyst Michael Wiederhorn reiterated an Outperform rating on Centene (NYSE: CNC) and increased the price target from $55 to $65.

In the report, Oppenheimer noted, "Overall, CNC continues to rebound, with robust growth and further margin traction. More specifically, CNC expects >15% growth in '14, and is seeing its margins move toward its long-term target range of 3-5%".

Centene closed on Tuesday at $58.21.