Cigna price target lowered to $348 from $394 at Piper Sandler

Piper Sandler analyst Jessica Tassan lowered the firm’s price target on Cigna (CI) to $348 from $394 and keeps an Overweight rating on the shares. Elevated incidence and acuity of high-cost claimants in Stop-Loss drove a large Q4 consolidated earnings miss, the firm notes.