Cigna sells Medicare business to Health Care Service for $3.3 billion
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Deutsche Bank Upgrades CIGNA (CI) to Buy
February 1, 2024 5:18 AM ESTDeutsche Bank analyst George Hill upgraded CIGNA (NYSE: CI) from Hold to Buy with a price target of $370.00 (from $355.00).
The analyst comments "Upgrading CI Shares to Buy: We are upgrading CI shares to Buy and increasing our price target to $370 from $355, reflecting 13x (up from 12.5x) our 2024 EPS estimate of $28.42. We have increased... More
Cigna (CI) pops after selling its Medicare Business to Health Care Service for $3.7 billion
January 31, 2024 8:40 AM ESTHCSC (Health Care Service Corporation) said it entered into a definitive agreement to acquire several Medicare-related businesses and CareAllies from The Cigna Group (NYSE: CI).
This acquisition includes Cigna's Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D, and CareAllies businesses. The deal is... More
