Goldman Sachs Upgrades Aetna (AET) to Conviction Buy
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Price: $212.70 --0%
Rating Summary:
10 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs added Aetna (NYSE: AET) to its Conviction Buy list with a price target of $54, suggesting 33% upside.
The firm expects Aetna to close the valuation gap with peers Unitedhealth (NYSE: UNH) and WellPoint (NYSE: WLP) even as multiple in the sector move higher after strong 3Q and a better-than expected initial 2012 EPS target.
Beyond 2012, Goldman sees EPS growth in the range of 10-15% or higher through 2018.
For more ratings news on Aetna click here and for the rating history of Aetna click here.
Shares of Aetna closed at $40.63 yesterday.
The firm expects Aetna to close the valuation gap with peers Unitedhealth (NYSE: UNH) and WellPoint (NYSE: WLP) even as multiple in the sector move higher after strong 3Q and a better-than expected initial 2012 EPS target.
Beyond 2012, Goldman sees EPS growth in the range of 10-15% or higher through 2018.
For more ratings news on Aetna click here and for the rating history of Aetna click here.
Shares of Aetna closed at $40.63 yesterday.
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