Key facts
- Barclays downgraded Cigna (CI).
- The downgrade is due to risks related to Cigna's PBM transition.
Barclays' downgrade of Cigna signals potential headwinds for the healthcare company as it undergoes a critical operational change in its Pharmacy Benefit Manager (PBM) segment. Investors will be watching closely to see how Cigna manages this transition and its impact on future earnings.