Deutsche Bank Upgrades Coventry Health Care (CVH) to Hold

August 27, 2012 2:45 PM EDT
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Price: $49.99 --0%

Rating Summary:
    1 Buy, 15 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Deutsche Bank upgraded Coventry Health Care (NYSE: CVH) from Sell to Hold with a price target of $42, to reflect the announcement on August 20 to merge with Aetna for $42.08/share.

"We view the planned merger with Aetna as beneficial to CVH shareholders; the combined company should be a stronger competitor in the marketplace than we believe CVH would be on its own," the analyst said.

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 $41.74 yesterday.

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