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Lazard to Begin Coverage of Aetna (AET)

Lazard announced on Tuesday that they have initiated coverage of healthcare benefits company, Aetna Inc.(AET).

The firm reported that they are initiating coverage of AET with a “Buy” rating and a price target of $50. This price target suggests a 16.5% increase from the stock’s current price of $41.71.

The firm noted that the company currently has a 14% free cash flow yield.

Aetna shares were mostly flat during premarket trading Tuesday. The stock is down -1.14% YTD.

The Bottom Line
Shares of Aetna (AET) have a 1.68% dividend yield, based on last night’s closing stock price of $41.71. The stock has technical support in the $37-$38 price area. If the shares can firm up, we see overhead resistance around the $44-$45 price levels.

Aetna Inc.(AET) is not recommended at this time, holding a DARS™ Rating of 3.4 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.

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