Loop Capital analyst Joseph France lowered the firm’s price target on Cigna to $320 from $350 and keeps a Hold rating on the shares. The company’s enrollment finished strong in 2022, and it is off to an even faster start in 2023, but the firm’s price target is being cut to reflect the group’s recent weakness, the analyst tells investors in a research note. The firm adds that while Cigna is adding attractive new markets, it prefers names with larger and more diversified benefits businesses.
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