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Equities Research Analysts’ new coverage for Friday, June 27th:

Morgan Stanley initiated coverage on shares of Centene Corp (NYSE:CNC). Morgan Stanley issued a buy rating and a $87.00 price target on the stock. The analysts wrote, “Centene has become the premier Medicaid pure-play and deserving of its premium multiple to the group. Plus we expect further earnings upside. We believe non-pharmacy medical costs are likely to remain muted for the Medicaid population as new markets/members represent a smaller percentage of the business in ’14, and this should offset higher specialty pharmacy costs near-term. “Longer-term we expect state Medicaid reimbursement to reflect these higher cost treatments, and appropriate clinical guidelines will also help to reduce the cost pressure on the Medicaid program. We see ’15 as more of a timing risk relative to Hepatitis C-related therapies reimbursement given actuarial soundness requirements.”

M Partners initiated coverage on shares of Sintana Energy (CVE:DLA). They issued a buy rating and a C$0.35 price target on the stock.

Cleveland Research initiated coverage on shares of Hilton Worldwide Holdings (NYSE:HLT). The firm issued a buy rating on the stock.

Lake Street Capital started coverage on shares of I.D. Systems (NASDAQ:IDSY). They issued a buy rating on the stock.

Buckingham Research started coverage on shares of Investment Technology Group (NYSE:ITG). The firm issued a neutral rating on the stock.

Cleveland Research assumed coverage on shares of Marriott International (NYSE:MAR). The firm issued a neutral rating on the stock.

Barrington Research initiated coverage on shares of Sonic (NASDAQ:SONC). They issued a market perform rating on the stock.

Barrington Research assumed coverage on shares of Sonus Networks (NASDAQ:SONS). The firm issued a market perform rating on the stock.

Iberia Capital initiated coverage on shares of Unit (NYSE:UNT). The firm issued a sector perform rating and a $73.00 price target on the stock.

Cantor Fitzgerald initiated coverage on shares of Versapay Corp (CVE:VPY). They issued a speculative buy rating and a C$1.70 target price on the stock.

Portales Partners began coverage on shares of Xoom Corp (NASDAQ:XOOM). The firm issued a sector perform rating on the stock.

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