JP Morgan Upgrades Aetna to "Overweight" (AET)

JP Morgan Upgrades Aetna to “Overweight” (AET)

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On Friday analysts at JP Morgan upgraded healthcare insurer Aetna Inc. (AET) to “Overweight” as they expect a positive revision of earnings estimates following the closing of the purchase of Coventry Health.

The analysts upgraded AET from “Neutral” to “Overweight” with a price target of $52. The target is a +19.7% upside from Thursday’s closing price of $43.43.

Aetna shares were flat in premarket trading on Friday. The stock is up +3.4% year-to-date.

The Bottom Line
Shares of Aetna (AET) have a 1.84% dividend yield, based on last night’s closing stock price of $43.43. The stock has technical support in the $39-$40 price area. If the shares can firm up, we see overhead resistance around the $46-$47 price levels.

Aetna Inc. (AET) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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