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Aetna (AET) Stock Declines on Analyst Downgrade

The Street - 6 Jul 2015 16:20
NEW YORK (TheStreet) -- Shares of Aetna are dropping 4.49% to $119.85 after FBR Capital downgraded it to "market perform" from "outperform" with a price target of $130.  Last Friday, Aetna announced the acquisition of Humana for a combination of cash and stock valued at $37 billion or approximately $230 per Humana share. The acquisition easily hurdles the strategic threshold making Aetna the largest Medicare player in the industry, according to the analyst note.  Aetna will have to increase pr...
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