UPDATE: Morgan Stanley Initiates Coverage on CIGNA on Positive Outlook
November 21, 2013 at 09:46 AM EST
In a report published Thursday, Morgan Stanley analyst Andrew Schenker initiated coverage on CIGNA Corporation (NYSE: CI ) with an Overweight rating and $100.00 price target. In the report, Morgan Stanley noted, “Most of CI's business is insulated from reform headwinds over the next few years and long-term growth businesses