Analysts Offer Insights on Services Companies: Cigna Corp (CI) and Arrow Electronics (ARW)


Analysts have been eager to weigh in on the Services sector with new ratings on Cigna Corp (NYSE:CI) and Arrow Electronics (NYSE:ARW).

Cigna Corp (CI)

Citigroup analyst Ralph Giacobbe maintained a Buy rating on Cigna Corp today and set a price target of $249. The company’s shares opened today at $216.76, close to its 52-week high of $227.13.

According to TipRanks.com, Giacobbe is a 5-star analyst with an average return of 14.6% and a 72.8% success rate. Giacobbe covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Quest Diagnostics Inc, and Universal Health.

Cigna Corp has an analyst consensus of Strong Buy, with a price target consensus of $241.23, an 11.3% upside from current levels. In a report issued on October 24, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $245 price target.

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Arrow Electronics (ARW)

Citigroup analyst Jim Suva maintained a Hold rating on Arrow Electronics today and set a price target of $73. The company’s shares opened today at $70.90.

According to TipRanks.com, Suva is a 4-star analyst with an average return of 6.8% and a 56.3% success rate. Suva covers the Consumer Goods sector, focusing on stocks such as Electronics for Imaging, Benchmark Electronics, and Keysight Technologies.

Currently, the analyst consensus on Arrow Electronics is a Hold with an average price target of $73.

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