Jefferies Raises EPS Estimate on Cigna Corp. (CI)

Jefferies published its research report today on Cigna Corp. CI in which it updates its EPS estimate on CI. In a note to clients, Jefferies writes, "With the lower cost debt issuance, and assuming substantial redemption of the 8.5% senior notes, we are increasing our '11 EPS forecast to $4.71 from $4.67." Jefferies maintains its Buy rating and $45 price target on CI. CI closed Friday at $37.98.