The Cigna Group (CI) Stock Outlook Revised, Here’s What Analysts Say

The Cigna Group (NYSE:CI) is among the stocks Wall Street analysts are watching closely. On November 12, Lance Wilkes, an expert astatine Bernstein, trimmed the terms people connected The Cigna Group (NYSE:CI) to $294 from $346, portion maintaining a ‘Market Perform’ standing connected the stock. The steadfast believes the company’s caller pharmacy payment manager (PBM) exemplary is “more sustainable,” but stated it was “not expecting valuation rerating yet” arsenic the company’s third-quarter net study was released.

In the 3rd quarter, The Cigna Group (NYSE:CI) delivered gross of $69.7 billion, representing a 10% summation from the 3rd 4th of 2024, and adjusted net of $7.83 per share, compared to $7.51 per stock successful the aforesaid 4th past year. What’s adjacent much absorbing is that the institution delivered these results portion continuing to put successful driving maturation and innovation, absorption highlighted.

Pixabay/Public Domain

As stated by the CEO, David Cordani,

“And pharmacy payment managers and the manufacture arsenic a full person played a cardinal relation successful contributing to these little costs by leveraging a competitory situation for clinically equivalent drugs.”

In aboriginal November, respective analysts adjusted their outlook connected The Cigna Group (NYSE:CI). On November 4, an expert astatine TD Cowen reduced the terms people connected CI to $333 from $387, but reaffirmed the ‘Buy’ standing connected the stock. On that aforesaid day, JPMorgan reiterated an ‘Overweight’ standing arsenic it revised the terms people to $375 from $428.

The Cigna Group (NYSE:CI) is simply a Connecticut-based supplier of security and related products and services done its subsidiaries. Founded successful 1792, the institution operates done Evernorth Health Services and Cigna Healthcare segments.

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