Loading...
Loading...
Jefferies maintains its Buy rating and $63 target price on CIGNA
CI on likely imminent HS deal closing.
Jefferies notes, "CI is likely to close the HS deal earlier than expected, which is a positive. It will help ease the burden of debt and equity financing costs in place since
4Q, and accrete CI's '12 EPS for a larger portion of the year. Additionally, operational integration will ramp up sooner. On this front, Mr. Fritch will lead the combined Medicare Advantage business and also leverage HS' physician engagement model across CI's US book of business."
CI closed at $45.18 a share on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in