Aetna Now Rated a “Conviction Buy” at Goldman Sachs (AET)

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Health benefits provider Aetna Inc. ( AET ) on Monday caught a big upgrade from analysts at Goldman Sachs.

The firm said it added AET to its prestigious "Conviction Buy" list with a $54 price target, suggesting 33% upside to the stock's Friday closing price of $40.63.

Goldman noted its expects Aetna to catch up to its peers in the industry, in terms of valuation. It also lauded AET's strong third quarter earnings results and higher-than-expected 2012 earnings estimates.

Aetna shares posted modest gains in premarket trading Monday.

The Bottom Line
Shares of Aetna ( AET ) have a 1.48% dividend yield, based on Friday's closing stock price of $40.63. The stock has technical support in the $36-$38 price area. If the shares can firm up, we see overhead resistance around the $42-$44 price levels.

Aetna Inc. ( AET ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: AET

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