There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Cigna Corp (CI) and Hibbett Sports (HIBB) with bullish sentiments.
Cigna Corp (CI)
Oppenheimer analyst Michael Wiederhorn maintained a Buy rating on Cigna Corp today and set a price target of $254. The company’s shares closed on Friday at $166.09, close to its 52-week low of $162.42.
Wiederhorn noted:
“Following meetings with management, we continue to have confidence in Cigna’s outlook, and believe the stock looks particularly attractive despite the noise around drug pricing and Medicare For All. The stock’s valuation continues to look highly compelling at just 9x our FY2020 EPS estimate and ~7.5x the company’s 2021 EPS target of $20-$21.”
According to TipRanks.com, Wiederhorn is a 5-star analyst with an average return of 13.8% and a 63.8% success rate. Wiederhorn covers the Services sector, focusing on stocks such as Cross Country Healthcare, Addus Homecare Corp, and Community Health.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cigna Corp with a $231 average price target.
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Hibbett Sports (HIBB)
Susquehanna analyst Sam Poser upgraded Hibbett Sports to Buy today and set a price target of $27. The company’s shares closed on Friday at $21.70.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 6.0% and a 52.6% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.
The word on The Street in general, suggests a Hold analyst consensus rating for Hibbett Sports with a $21.50 average price target.
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