Wells Fargo surprised to see Cigna stock weaker following pullback

Wells Fargo analyst Stephen Baxter says that overall, Cigna’s (CI) quarter appears to be solid taking Exchange pressure into consideration. The firm is surprised to see the stock weaker following pullback. However, there is some focus on the unexpected cadence of Evernorth earnings in the second half of the year. Wells has an Equal Weight rating on the shares with a price target of $341.