Oppenheimer Adjusts Estimates on Aetna (AET) Following Recent Company Comments

June 20, 2012 10:44 AM EDT
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Oppenheimer maintains a 'Perform' on Aetna (NYSE: AET) price target of $47.00.

Analyst, Michael Wiederhorn, said, "We are updating our AET model following the company's adjusted language around quarterly EPS trends at a recent competitor investor conference. AET has reiterated FY2012 operating EPS guidance of $5.00, but expects "first half and second half earnings to be more similar than in 2011." The company also continued to note that it expects second-quarter 2012 operating EPS to be lower than the first quarter. As a result, we are slightly tweaking our FY2012 EPS estimate to $4.98 from $5.01."

Wiederhorn also lowers Q2'13 from $1.41 to $1.35 and raises Q4'13 from $1.10 to $1.17.

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 $40.90 yesterday.

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