UPDATE: Wedbush Raises Aetna's PT

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

According to a research report published earlier today, Wedbush has increased Aetna's (NYSE: AET) PT from $48 to $54.In the report, Wedbush commented, “Maintaining our $5.03 estimate, which includes a modest 22K, or 5% decrease in Medicare Advantage enrollment, per CMS March data; this did not materially impact EPS. We increase our price target to $54 from $48 as there has been a shift from investor concern to positive sentiment on the Supreme Court now that the hearings are over.”Wedbush maintains its Neutral rating on Aetna, which closed Friday at $49.64.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!