Cantor Fitzgerald maintains a 'Hold' on Aetna (AET); CVH Deal Strengthens National Footprint and Adds New Markets
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Price: $60.04 +0.86%
Rating Summary:
8 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
8 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade AET Now!
Cantor Fitzgerald maintains a 'Hold' on Aetna (NYSE: AET) price target of $45.00.
Analyst, Jo seph D. France, said, "Aetna's proposed acquisition of Coventry (NYSE: CVH) would significantly strengthen its Medicaid, Medicare and commercial risk business, and leverage Coventry with Aetna's national footprint, larger network and medical management and analytics expertise...We believe that Aetna's offer is fair, and the earnings accretion appears to be significant...Aetna currently has approximately 1.2 million Medicaid lives, but 71% are non-risk, and Coventry will nearly triple its Medicaid risk lives...Conventry also strengthens AET's national footprint."
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 $38.04 yesterday, with a 52 week range of $33.43-$51.14.
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Analyst, Jo seph D. France, said, "Aetna's proposed acquisition of Coventry (NYSE: CVH) would significantly strengthen its Medicaid, Medicare and commercial risk business, and leverage Coventry with Aetna's national footprint, larger network and medical management and analytics expertise...We believe that Aetna's offer is fair, and the earnings accretion appears to be significant...Aetna currently has approximately 1.2 million Medicaid lives, but 71% are non-risk, and Coventry will nearly triple its Medicaid risk lives...Conventry also strengthens AET's national footprint."
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 $38.04 yesterday, with a 52 week range of $33.43-$51.14.
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