Will This Price Target Increase Help Cigna (CI) Stock Today?

NEW YORK (TheStreet) -- Barclays (BCS) raised its price target for Cigna (CI) to $97 from $88 Friday, reiterating its "equal weight" rating for the company.

The analyst firm also raised its EPS estimates for Cigna through 2015 following the company's earnings estimate beat in the second quarter.

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TheStreet Ratings team rates CIGNA CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CIGNA CORP (CI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."

CI ChartCI data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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