Market Overview

UPDATE: Morgan Stanley Reiterates On Aetna Following Management Visit

Share:

In a report published Tuesday, Morgan Stanley analyst Andrew Schenker reiterated an Overweight rating on Aetna (NYSE: AET), but removed the $83.00 price target.

In the report, Morgan Stanley noted, “While CEO Bertolini suggested utilization and claims severity for initial exchange enrollment was on trend with expectations, he is still cautious on the impact of the surge in late membership and the limited claims data to underlying commercial costs. Specifically, AET has ~500k paid members compared with only 230k in 1Q, but expects some attrition as the year progresses. Separately, AET only booked reinsurance on known claims that triggered the threshold last quarter and sounds cautious on recognizing any risk corridor payments at this time.”

Aetna closed on Monday at $74.47.

Latest Ratings for AET

DateFirmActionFromTo
Oct 2018MaintainsNeutralNeutral
Oct 2018MaintainsNeutralNeutral
Oct 2018DowngradesOverweightNeutral

View More Analyst Ratings for AET
View the Latest Analyst Ratings

Posted-In: Andrew Schenker Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (AET)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
DEReiterates175.0
AMWDMaintains92.0
FTDRMaintains55.0
REDUDowngrades
ZSDowngrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: Raymond James Upgrades Ubiquiti Networks to Strong Buy

UPDATE: Morgan Stanley Reiterates On athenahealth Following HQ Visit