02:35 PM EDT, 07/31/2026 (MT Newswires) -- Cigna Group's ( CI ) Evernorth health-services unit recorded stronger-than-expected adoption of newer specialty generics in Q2, with use exceeding 80% for recent launches, UBS Securities said Friday in a report.

This was partly offset by softer pharmacy results as GLP-1 prescriptions moderated amid declining coverage levels and slower utilization growth, the report said.

Evernorth closed the 2026 selling season with retention above 97%, and early indicators for 2027 point to similarly strong levels, UBS said.

Cigna's ( CI ) new rebate-free Signature model is drawing client interest, and management remains confident the pharmacy business can return to 4% margins under the new structure, the report said.

UBS maintained its buy rating on Cigna ( CI ) stock and its $400 price target.

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