Cigna 'Top Pick for 2024': Analysts Change Ratings, Forecasts Following 2024 Guidance
Portfolio Pulse from Priya Nigam
Cigna Group (NYSE:CI) shares rose after reporting Q4 results, with analysts upgrading ratings and raising price targets following the company's 2024 guidance. The guidance suggests Evernorth revenues will exceed consensus estimates by $10 billion. Analysts highlight Cigna's strong earnings growth visibility, supported by share repurchases and solid operating conditions. Cigna is named a 'Top Pick for 2024' by Mizuho Securities, citing solid EPS visibility and reduced legislative risk.
February 05, 2024 | 5:39 pm
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POSITIVE IMPACT
Cigna's shares rose following positive Q4 results and optimistic 2024 guidance, with analysts upgrading ratings and increasing price targets. The company's Evernorth revenues are expected to significantly outperform consensus estimates.
The positive analyst ratings and increased price targets reflect strong confidence in Cigna's future performance, particularly with its Evernorth revenues expected to surpass expectations. This optimism, along with the company being named a 'Top Pick for 2024', suggests a bullish outlook for Cigna's stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100