|
|
News Breaks | | | | January 28, 2013 | | 09:06 EDT |  | CI | Cigna could divest VADBe business, says Credit Suisse
Credit Suisse believes Cigna could divest its Variable Annuity Death Benefit business, or VADBe, given the complexities of understanding the business and the constraint on valuation. The analyst believes an exit is increasingly likely given a recent transaction in the space, increased interest by buyers, and improved equity markets. The firm believes a divestiture would increase Cigna's multiple and reiterates its Outperform rating and $28 price target. | |
|
News For CI From The Last 14 Days Check below for free stories on CI the last two weeks. |
|
|
| May 14, 2013 | | 19:35 EDT |  | CI | Cigna shares could climb 20%, Barron's says
Cigna, which is up more than 50% in the past 12 months, may climb another 20% if it trades closer to 12 times earnings, which it has done in the past, says Barron's Weekday Trader. The report cites Don Wordell, manager of the RidgeWorth Mid-Cap Value Equity fund, who says Cigna's story gets better and better as the company shores up its balance sheet with smart acquisitions and the divestiture of non-core businesses. Reference Link | | | 10:01 EDT |  | CI | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AVG Technologies (AVG) downgraded to Neutral from Buy at Goldman... Cigna (CI) downgraded to Hold from Buy at Jefferies... Cree (CREE) downgraded to Neutral from Buy at Sterne Agee... Melco Crown (MPEL) downgraded to Neutral from Buy at UBS... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... KB Home (KBH) downgraded to Market Perform from Outperform at Raymond James... Ryland Group (RYL) downgraded to Underperform from Market Perform at Raymond James... Alere (ALR) downgraded to Hold from Buy at Craig-Hallum... Evolution Petroleum (EPM) downgraded to Hold from Buy at MLV Equity... Oil States (OIS) downgraded to Hold from Buy at BB&T... VIVUS (VVUS) downgraded to Neutral from Buy at Lazard Capital. | | | 05:45 EDT | | CI | Cigna downgraded to Hold from Buy at Jefferies
 Subscribe for More Information | | | May 13, 2013 | | 16:09 EDT |  | CI | Cigna names Thomas McCarthy CFO to replace Ralph Nicoletti
Subscribe for More Information | |
|
|
|
|
|
|
