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CI

Cigna

$148.05

0.06 (0.04%)

05:44
06/03/19
06/03
05:44
06/03/19
05:44

Cigna price target lowered to $203 from $228 at Citi

Citi analyst Ralph Giacobbe lowered his price target for Cigna to $203 from $228 to reflect the recent "re-rating" of the managed care group. Cigna is now a "show me" story that will take some time, Giacobbe tells investors in a research note. The analyst, however, remains bullish on the shares following the company's analyst day and he keeps a Buy rating on the name.

  • 11

    Jun

CI Cigna
$148.05

0.06 (0.04%)

04/23/19
UBSW
04/23/19
INITIATION
Target $185
UBSW
Buy
Cigna initiated with a Buy at UBS
UBS analyst Whit Mayo started Cigna with a Buy rating and $185 price target. Cigna has lost a third of its value since announcing the Express Scripts transaction in early 2018 and now trades at eight times estimated 2020 earnings, Mayo tells investors in a research note. The analyst believes the current valuation reflects an "overly harsh and economic unrealistic view."
05/03/19
GSCO
05/03/19
DOWNGRADE
Target $200
GSCO
Buy
Cigna downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Stephen Tanal removed Cigna from his firm's Conviction List while maintaining a Buy rating on the shares. The company's first full quarter of ownership of Express Scripts "exacerbated uncertainty" around underlying pharmacy benefit manager fundamentals, Tanal tells investors in a research note. The analyst says lower branded drug price inflation and competitive dynamics reduce his conviction in Cigna's near-term earnings and stock performance. Tanal, however, remains bullish on the company's long-term prospects. He lowered his price target for the Cigna shares to $200 from $215.
05/10/19
05/10/19
UPGRADE

Citi upgrades Anthem, Centene, UnitedHealth to Buy after 'extreme' selloff
Citi analyst Ralph Giacobbe upgraded Anthem (ANTM), Centene (CNC), and UnitedHealth (UNH) to Buy from Neutral while maintaining Buy ratings on Cigna (CI) and Humana (HUM). The magnitude of the selloff in managed care stocks on fears of Medicare for All has been "extreme and overdone," Giacobbe tells investors in a research note. The analyst sees favorable risk/rewards in the sector and does not subscribe to the view of a continued "overhang" and "uncertainty." Instead, Giacobbe expects a share recovery as "more realistic views prevail and investors become more numb to the low-likelihood headlines and political rhetoric of single payor."
05/16/19
COWN
05/16/19
NO CHANGE
COWN
Move lower in managed care stocks appears overdone, says Cowen
Cowen analyst Charles Rhyee lowered his target multiple for the managed care group slightly from recent historical levels, but said he believes the recent weakness in the space on concerns around "Medicare for All," the rebate rule and the Texas ACA decision appears overdone. The discount for managed care stocks relative to the broader market has risen to a multi-year high, but he argues that underlying market fundamentals are stronger than in the pre-ACA era and Rhyee contends that there is "still plenty of growth left" in the managed care space, particularly in government-sponsored business. Stocks in the group include Anthem (ANTM), Cigna (CI), Centene (CNC), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG).

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IWM

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