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Fly News Breaks for May 12, 2015
HUM, AET
May 12, 2015 | 09:53 EDT
After meeting with management, Leerink believes a large transaction is imminent for Aetna (AET). The company's CEO Mark Bertolini made it clear that government business is the focus for inorganic growth, Leerink noted earlier in a note to investors. The firm says a merger with Humana (HUM) or Cigan (CI) are "meaningfully accretive possibilities and imminent." Leerink raised its price target for Aetna shares to $135 from $130 and keeps an Outperform rating on the name.
News For AET;HUM From the Last 2 Days
