Why Cigna (CI) Is Up 6.6% After Reaffirming 2026 Outlook And Streamlining Care Delivery

Simplywall
2026.05.14 06:11
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Cigna Group's stock rose 6.6% following the reaffirmation of its 2026 outlook, projecting adjusted income of at least $30.35 per share. During a presentation at the Bank of America Global Healthcare Conference, President Brian Evanko highlighted strong Q1 results and efforts to streamline care, including a 15% reduction in prior authorizations and a new rebate-free pharmacy model. While the outlook supports near-term earnings, potential regulatory pressures on the Pharmacy Benefit Services model remain a concern. Cigna's revenue is projected to reach $313.7 billion by 2029, with a fair value estimate of $339.58, indicating a 13% upside from current prices.