Cantor Fitzgerald Downgrades Coventry Health Care (CVH) to Hold; Deal with Aetna At Fair Value

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Cantor Fitzgerald downgraded Coventry Health Care (NYSE: CVH) from Buy to Hold with a price target of $42.00 (from $36.00).

Analyst, Joseph D. France, said, "Aetna's (NYSE: AET)(Hold-PT $45) proposed acquisition of Coventry would significantly strengthen its Medicaid, Medicare and commercial risk business, and leverage Coventry by adding Aetna's national footprint, a larger network and substantial medical management and analytics expertise. We believe that these are highly complementary businesses and this is a positive step, particularly for Aetna, which has broken the cautious mold that has guided its actions for most of the past 10 years."

For an analyst ratings summary and ratings history on Coventry Health Care click here. For more ratings news on Coventry Health Care click here.

Shares of Coventry Health Care closed at $34.94 yesterday, with a 52 week range of $25.78-$36.04.

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