Cigna price target raised to $370 from $355 at Wells Fargo

Wells Fargo raised the firm’s price target on Cigna (CI) to $370 from $355 and keeps an Equal Weight rating on the shares as the firm updates Managed Care estimates post-election. All estimates assume the expiration of enhanced exchange subsidies for 2026, Wells notes. The firm believes Medicare Advantage risk/reward improves with Republicans, although areas of concern still exist.