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Cigna price target raised to $407 from $395 at BofA

BofA raised the firm’s price target on Cigna (CI) to $407 from $395 and keeps a Buy rating on the shares. Following the company’s Q1 report and guidance, the firm raised its estimates, stating that the guidance looks conservative. The firm sees Cigna as insulated from broader Medicaid/Medicare pressures and headlines, the analyst added.

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