Credit Suisse started coverage on healthcare giant Cigna (CI - Get Report) with an "outperform" rating and a price target of $185 on Monday morning. The firm believes the company will release some capital in order to make a strategic M&A move.

The firm sees fellow health insurance provider Humana  (HUM - Get Report) as a good target due to the company's valuation. Humana had been planning to merge with Aetna (AET) in a $34 billion agreement, but talks between the two companies ended in February of this year after a federal court blocked the transaction on antitrust concerns.

Credit Suisse also cites Cigna's improving fundamentals as its reasoning for the "outperform" rating.

What's Hot on TheStreet

Apple and all of tech remains in focus: European tech shares such as SAP SE (SAP - Get Report) , Infineon Technologies AG (IFNNY) and ASML NV (ASML - Get Report) fell sharply on Monday after last week's late Nasdaq rout. Not helping matters was a rare downgrade on Apple (AAPL - Get Report) on Sunday on fears the stock may be too richly valued.

Walmart is under siege from a German rival: Aldi is coming after Walmart's (WMT - Get Report) grocery market share, as the German discount retailer says it will invest $3.4 billion to expand its U.S. presence. The privately-held German grocery store said it plans to increase its store base to 2,500 by 2022. Aldi currently operates 1,600 U.S. stores.

GE's CEO is stepping aside: Industrial conglomerate General Electric (GE - Get Report) said Jeffrey Immelt, chairman and CEO, plans to step down. Immelt has been with GE since 1982 and has served as chairman and CEO since September 2001. John Flannery, the current president and CEO of GE Healthcare, was named chairman and CEO. He will become CEO effective Aug. 1, and also take over the chairman role effective Jan. 1, 2018, a day after Immelt officially retires.

TheStreet reported last week that General Electric may sell additional businesses as investor Trian Partners pressured Immelt to meet aggressive performance targets.

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