Aetna’s Estimates Raised at UBS (AET)


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Health benefits provider Aetna Inc. ( AET ) on Monday saw its earnings estimates boosted by analysts at UBS.

The firm said it increased its estimates for AET through 2012, citing positive commentary stemming from the company's recent investor day. UBS maintained its "Neutral" rating and $43 price target on AET, which implies a potential 6% upside to the stock's Friday closing price of $40.39.

Aetna shares, which have surged more than 32% year-to-date, posted modest gains in premarket trading Monday.

The Bottom Line
Shares of Aetna ( AET ) have a 1.73% dividend yield, based on Friday's closing stock price of $40.39. 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 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

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