Piper Sandler raised the firm’s price target on Cigna (CI) to $394 from $392 and keeps an Overweight rating on the shares. The firm notes Cigna reported a pharmacy-led Q3 adjusted EPS beat and reiterated adjusted 2024 guidance. Notwithstanding the asset sale at Cigna Healthcare and VillageMD headwind at Evernorth, CI expects 10.0%-plus consolidated adjusted EPS growth in 2025 vs. long-term target range of 10.0% to 14.0%, Piper adds.
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