Goldman Sachs is making a change to its CONVICTION BUY LIST this morning. The firm is adding CIGNA (NYSE: CI) and dropping WellPoint (NYSE: NYSE: WLP) from the list. Both stocks are still maintained as officially being BUY rated there, but Goldman Sachs sees a near-term opportunity in CIGNA shares. In fact, the 6-month price target on CIGNA gives an implied upside of 30%.
CNH Global N.V. has also been booted off of the CONVICTION BUY LIST, although that is because of a stop-loss feature. The firm is maintaining a BUY rating and says it is not a seller at current levels. The stock is down some 22% since its addition to the list on November 27, 2007.
Jon C. Ogg
February 8, 2008
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