UPDATE: JP Morgan Upgrades Aetna to Overweight on Revised Numbers Post Deal Closure
JP Morgan raised its rating on Aetna (NYSE: AET) from Neutral to Overweight and increased its price target from $46 to $52.
JP Morgan said, "We are upgrading Aetna to Overweight from Neutral and raising our price target from $46 to $52 on the expectation of upwardly revised numbers post CVH deal closing, AET's below-average reform exposure and most importantly an increasing recognition of the company's ACO positioning. From a catalyst perspective, at next Wednesday's investor day we expect initial 2013 EPS guidance in the $5.40 range (JPM $5.40, consensus $5.51), within the range of investor expectations."
Aetna closed at $43.43 on Thursday.
Latest Ratings for AET
|Sep 2015||Cantor Fitzgerald||Upgrades||Hold||Buy|
|Sep 2015||JP Morgan||Initiates Coverage on||Overweight|
|Jul 2015||Bank of America||Upgrades||Neutral||Buy|
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