UPDATE: Jefferies Raises PT to $46 on Coventry Health Care Post Q4 Earnings
Jefferies maintained Coventry Health Care (NYSE: CVH) with a Hold rating and raised the price target from $42.00 to $46.00.
Jefferies commented, "We are updating our CVH model and increasing our price target to $46 from $42, reflecting appreciation in the stock portion of its takeout. As a reminder, AET is paying $27.30 in cash and 0.3885 AET share for each CVH share. AET's share price has meaningfully risen 30% (S&P up 8%), since our last update. At today's AET closing price, CVH shareholders would receive consideration just above $46."
Coventry Health Care closed at $46.77 on Monday.
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