UPDATE: Susquehanna Raises PT on CIGNA Corporation Ahead of 3Q Results Report
In a report published Wednesday, Susquehanna International Group analyst Chris Rigg reiterated a Positive rating on CIGNA Corporation (NYSE: CI), and raised the price target from $88.00 to $90.00.
In the report, Susquehanna International Group noted, “We expect the managed care group will post solid third quarter results beginning when UNH kicks of earnings on October 17. The earnings period will matter for the group as Humana will offer specific EPS guidance for 2014 and others, particularly UNH, are likely to offer at least some preliminary expectations for next year.”
CIGNA Corporation closed on Tuesday at $77.40.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.