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Aetna’s Target, Estimates Boosted at UBS on Cost Cuts (AET)

Health care benefits provider Aetna Inc. ( AET ) on Friday saw its price target and earnings estimates lifted by analysts at UBS.

The firm said it now expects AET shares to reach $47, suggesting an 8% upside to the stock's Thursday closing price of $43.35.

UBS also maintained its "Neutral" rating on Aetna but raised its earnings estimates, citing the company's ability to keep costs low.

Aetna shares were mostly flat in premarket trading Friday.

The Bottom Line

Shares of Aetna ( AET ) have a 1.38% dividend yield, based on last night's closing stock price of $43.35. The stock has technical support in the $37-$39 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 3.3 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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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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