Jefferies Raises Numbers on Aetna (AET) on Continued Earnings Momentum

May 1, 2013 12:00 PM EDT Send to a Friend
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Price: $78.09 -0.38%

Rating Summary:
    11 Buy, 7 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 24
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Jefferies boosted estimates and its price target on Buy-rated Aetna (NYSE: AET) from $63 to $69 following Q1 results.

Analyst David Windley comments, "AET's solid 9% 1Q13 EPS beat and guidance raise affirm our thesis on the company's fundamentals and provide continued momentum heading into the CVH acquisition close. Even after the raise, we believe 2013 guidance is conservative. Prospects for earnings upside on AET standalone coupled with CVH accretion that we believe will add ~$0.55/$1.20 in 2014-15 continue to be reasons to Buy this stock. "

The firm raised Q2 EPS estimates from $1.29 to $1.33, FY 2013 EPS from $5.50 to $5.59 and FY 2014 EPS from $5.84 to $5.89.

For an analyst ratings summary and ratings history on Aetna click here. For more ratings news on Aetna click here.

Shares of Aetna closed at $57.44 yesterday.


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