On Friday analysts at Credit Suisse increased its estimates and price target for healthcare insurer Aetna Inc. (AET).
Credit Suisse increased its estimates for the company because of new guidance by the company. The new price target is $48, an 8% increase from Thursday’s closing price of $44.43.
The analysts maintain a “Neutral” rating for AET.
Aetna shares were flat in premarket trading on Friday.
The Bottom Line
Shares of Aetna (AET) have a 1.58% dividend yield, based on last night’s closing stock price of $44.43. The stock has technical support in the $38-$40 price area. If the shares can firm up, we see overhead resistance around the $46-$48 price levels.
Aetna Inc. (AET)is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.