Market Overview

UPDATE: Sterne Agee Initiates Coverage On Aetna On Less Earnings Power Upside Potential

Share:

In a report published Friday, Sterne Agee analyst Brian Wright initiated coverage on Aetna (NYSE: AET) with a Neutral rating and $87.00 price target.

In the report, Sterne Agee noted, “Aetna is executing supremely well in a challenging environment. However, we see less earnings power upside potential without acquisitions from here given current excellent execution. This isn't the first time AET has been able to out-execute peers in a challenging commercial margin environment, as AET was also successful in 2008 during the last cycle downturn. The last time we saw significant margin pressures among the publicly traded health plans in 2008, AET was able to deliver 13% EPS growth, though the following year proved more challenging.”

Aetna closed on Thursday at $82.05.

Latest Ratings for AET

DateFirmActionFromTo
Oct 2018Credit SuisseMaintainsNeutralNeutral
Oct 2018CitigroupMaintainsNeutralNeutral
Oct 2018PiperJaffrayDowngradesOverweightNeutral

View More Analyst Ratings for AET
View the Latest Analyst Ratings

 

Related Articles (AET)

View Comments and Join the Discussion!

Posted-In: Brian Wright Sterne AgeeAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
HYMCBMO CapitalInitiates Coverage On
DEMorgan StanleyMaintains335.0
SBNYRaymond JamesMaintains138.0
CORTHC Wainwright & Co.Maintains32.0
CYBBFCitigroupDowngrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
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