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Fly News Breaks for July 22, 2016
CI
Jul 22, 2016 | 07:16 EDT
Goldman analyst Matthew Borsch added Cigna (CI) to the Conviction Buy List saying saying shares are undervalued and sees upside potential in capital redeployment capacity. The analyst thinks news Federal antitrust regulators intend to block the Anthem (ANTM) merger will cause investors to focus on Cigna's strong standalone position driven by diversified business mix and ability to deploy at least $9B if it brought debt levels up to peers. Borsch lowered Cigna's price target to $165 from $170 on shares.
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