Aetna’s Price Target Boosted at Jefferies (AET)

Comment

Shutterstock photo

Healthcare benefits provider Aetna Inc. ( AET ) on Friday saw its price target raised by analysts at Jefferies & Co.

The firm said it maintained its "Buy" rating on AET and boosted its price target from $53 to $55. That new target suggests a 37% upside to the stock's Thursday closing price of $40.05.

Aetna shares, which have risen more than 31% year-to-date, posted modest gains in premarket trading Friday.

The Bottom Line
Shares of Aetna ( AET ) have a 1.75% dividend yield, based on last night's closing stock price of $40.05. 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 Nasdaq, Inc.

Created by Dividend.com



This article appears in: Investing , Stocks


More from Dividend.com







Dividend.com
Contributor:

Dividend.com

Dividends
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com