Analysts Offer Insights on Services Companies: CBS Corp (CBS) and Cigna Corp (CI)


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on CBS Corp (NYSE:CBS) and Cigna Corp (NYSE:CI) with bullish sentiments.

CBS Corp (CBS)

RBC Capital analyst Steven Cahall reiterated a Buy rating on CBS Corp yesterday and set a price target of $63. The company’s shares closed yesterday at $53.16.

According to TipRanks.com, Cahall is a 3-star analyst with an average return of 4.1% and a 55.0% success rate. Cahall covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Lions Gate Ent Corp Cl A, and 21st Century Fox.

CBS Corp has an analyst consensus of Moderate Buy, with a price target consensus of $65, representing a 22.3% upside. In a report issued on July 23, Barrington also maintained a Buy rating on the stock with a $73 price target.

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Cigna Corp (CI)

RBC Capital analyst Frank Morgan reiterated a Buy rating on Cigna Corp yesterday and set a price target of $234. The company’s shares closed yesterday at $189.25.

According to TipRanks.com, Morgan is a 5-star analyst with an average return of 16.3% and a 67.5% success rate. Morgan covers the Services sector, focusing on stocks such as Encompass Health Corporation, Fresenius Medical Care Corp, and Envision Healthcare.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cigna Corp with a $227.80 average price target, which is a 20.4% upside from current levels. In a report issued on August 2, Oppenheimer also maintained a Buy rating on the stock with a $244 price target.

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