Now These Analysts Raise Price Targets On Cigna After Strong Q2 Earnings

Cigna CI reported better-than-expected results for its second quarter on Thursday.

For FY22, Cigna said it expects EPS of at least $22.90 (consensus of $22.72), up from prior guidance of at least $22.60. It projects FY22 revenues of at least $178 billion (at least $177 billion expected earlier)

Cigna shares rose 0.1% to $281.99 in pre-market trading.

Several analysts made changes to their price targets on Cigna today.

  • Oppenheimer raised price target on the stock from $310 to $320. However, Oppenheimer analyst Michael Wiederhorn maintained Cigna with an Outperform.
  • Credit Suisse boosted Cigna price target from $315 to $329. However, Credit Suisse analyst Jonathan Yong maintained an Outperform rating on the stock.
  • Wells Fargo raised price target on the stock from $306 to $319. However, Wells Fargo analyst Stephen Baxter maintained an Overweight rating on the stock.
  • Mizuho and RBC Capital also raised their price targets on Cigna on Friday.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPrice TargetMarketsAnalyst RatingsPT Changes
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!