Wells Fargo downgrades Cigna, favors Elevance Health, UnitedHealth, Humana

Wells Fargo analysts downgraded Cigna from "overweight" to "equal weight" rating, favoring the payer's competitors, Seeking Alpha reported Jan. 3. 

According to a research note, cited by Seeking Alpha, analysts expect managed care companies could come under pressure in the next year, depending on rates of inflation and more focus on the presidential election cycle. 

Major payers Elevance Health, UnitedHealth Group and Humana have "differentiated" growth narratives that could help them withstand this pressure, according to Wells Fargo analysts. These three payers kept their overweight rating. 

Read more here. 

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