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Bernstein Upgrades The Cigna Group (CI) From “Market Perform” to “Outperform”
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The Cigna Group (NYSE:CI) stands among the 11 best very cheap stocks to buy according to billionaires. On March 12, 2026, The Cigna Group (NYSE:CI) drew attention from analysts at Bernstein. The firm’s analysts expect the stock’s multiple to increase over time, citing the combination of the Pharmacy Benefit Manager reform bill and the FTC settlement, along with the already announced PBM model changes and the economic impacts Cigna has guided, as key drivers of investor confidence. Accordingly, analysts slightly raised EPS estimates for 2027-2030 while keeping the 2026 estimate unchanged. The firm upgraded the stock from “Market Perform” to “Outperform” with a $358 price target. Amid this backdrop, The Cigna Group (NYSE:CI) reiterated its 2026 projection on March 3, 2026. The Cigna Group (NYSE:CI) estimates consolidated adjusted income from operations of at least $30.25 per share. Additionally, management emphasized stability across its major sectors by restating projections for Evernorth’s pre-tax adjusted income from operations of at least $6.9 billion and Cigna Healthcare’s pre-tax adjusted income from operations of at least $4.5 billion. Meanwhile, analysts at JPMorgan Chase & Co. discussed the company’s leadership change decision. The analysts believe CEO Cordani’s retirement comes as a surprise. Yet the firm expressed confidence in new leadership under CEO Brian Evanko. The Cigna Group (NYSE:CI) operates as a global provider of health services, which offers pharmacy benefit management, specialty pharmacy, care delivery, and medical insurance solutions through its Evernorth Health Services and Cigna Healthcare segments worldwide. While we acknowledge the potential of CI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.