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Fly News Breaks for February 1, 2019
CI
Feb 1, 2019 | 10:43 EDT
Goldman Sachs analyst Stephen Tanal said Cigna's "extensive details" on its Q4 earnings call provided "much needed visibility" and clarity and boosted his confidence. Rebate guarantees are not expected to be a headwind in 2019 and the company does not expect the proposed rule from HHS to remove the safe harbor for rebates to have a meaningful impact on growth or its earnings trajectory, Tanal tells investors. He reiterates a Buy rating on Cigna shares and keeps it on the firm's Conviction List.
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