Cigna price target lowered to $380 from $410 at Stephens

Stephens analyst Scott Fidel lowered the firm’s price target on Cigna (CI) to $380 from $410 and keeps an Overweight rating on the shares. The Q4 stop-loss pressure for Cigna is expected to run-rate into 2025 with pricing for the book not fully capturing recent trends given timing dynamics, the analyst tells investors. The firm lower estimates but noted that despite near-term pressures, Cigna reiterated its long-term adjusted EPS growth target of 10%-14% annually.