Aetna Reports First-Quarter 2017 Results

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Aetna (AET) PT Raised to $150 at Cantor Fitzgerald Following Solid Q1

May 2, 2017 12:15 PM EDT

Cantor Fitzgerald raised its price target on Aetna (NYSE: AET) to $150.00 (from $140.00) while maintaining a Overweight rating following strong results.

Analyst Steven Halper noted while premiums declined year over year, efforts to reduce exposure to individual commercial markets were positive.

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Aetna (AET) Tops Q1 EPS by 34c

May 2, 2017 6:02 AM EDT

Aetna (NYSE: AET) reported Q1 EPS of $2.71, $0.34 better than the analyst estimate of $2.37. Revenue for the quarter came in at $15.49 billion versus the consensus estimate of $15.44 billion.

Our first quarter performance demonstrates the power of the disciplined execution of Aetnas strategy, said Mark T.... More