Aetna’s Estimates Boosted at Morgan Stanley (AET)

By Staff,

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Healthcare benefits provider Aetna Inc. ( AET ) on Friday saw its earnings estimates raised by analysts at Morgan Stanley.

The firm said it boosted its outlook for AET through 2013, noting it believes the company will continue to delivery solid earnings growth. Morgan Stanley also backed its "Equal-weight" rating.

Aetna shares, which have risen more than 23% year-to-date, were mostly flat in premarket trading Friday.

The Bottom Line
Shares of Aetna ( AET ) have a 1.62% dividend yield, based on last night's closing stock price of $37.01. The stock has technical support in the $34 price area. If the shares can firm up, we see overhead resistance around the $40-$42 price levels.

Aetna Inc. ( AET ) is not recommended at this time, holding a 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 Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: AET

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