Market Overview

UPDATE: Jefferies Raises PT on Aetna Following Coventry Acquisition

Share:
Related AET
What To Expect From Exact Sciences' Pending Q2 Release
Cigna Buys Zurich Insurance To Expand In UAE, Shares Gain
Carroll Financial Associates, Inc. Buys iShares Edge MSCI USA Momentum Factor, PowerShares ... (GuruFocus)

In a report published Thursday, Jefferies analyst David Windley reiterated a Buy rating on Aetna (NYSE: AET), and raised the price target from $69.00 to $74.00.

In the report, Jefferies noted, “We are raising our EPS projections to reflect the Coventry acquisition by 5-10c more than accretion guidance of $0.45-0.90 in 2014-15. The company's diversified business, strong execution, modest exposure to Exchange risk, and low-to-mid teens EPS growth make AET our favorite MCO. At 9.5x 2014E EPS, AET is second cheapest in the group with the most attractive risk/reward profile. Raising our PT to $74.”

Aetna closed on Wednesday at $60.29.

Latest Ratings for AET

DateFirmActionFromTo
Jul 2017Bank of AmericaMaintainsBuy
Jul 2017Deutsche BankMaintainsHold
Jun 2017CitigroupInitiates Coverage OnBuy

View More Analyst Ratings for AET
View the Latest Analyst Ratings

Posted-In: David Windley JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (AET)

View Comments and Join the Discussion!