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Stock impact report

Cigna (CI) Gets Minor PT Cut from Piper Sandler as Firm Backs PBS Strategy [Yahoo! Finance]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Company Research Source: Yahoo! Finance
Cigna (CI) Gets Minor PT Cut from Piper Sandler as Firm Backs PBS Strategy On March 3, Piper Sandler lowered its price recommendation on The Cigna Group (NYSE:CI) to $370 from $374. It maintained an Overweight rating on the shares. The firm pointed to the company's rebate-free pharmacy benefit services model as a key part of its strategy going forward. According to the analyst, the model positions Cigna to comply with the 2026 Consolidated Appropriations Act and meet the terms of its settlement with the Federal Trade Commission. The firm also believes the approach could help reshape public perception of pharmacy benefit managers. In Piper Sandler's view, these changes reduce risk around the long-term growth outlook for the PBS business and support the case for a higher valuation multiple. In a Reuters report published on March 3, Cigna also announced that long-time CEO David Cordani plans to retire, a move that caught some analysts off guard as the company transitions to a new bu Show less Read more
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