Vetr Crowd Upgrades Aetna To Strong Buy Following M&A Roadblock

On Tuesday, the Vetr crowd upgraded their rating for Aetna Inc AET from 4 stars (Buy), issued 27 days ago, to 4.5 stars (Strong Buy). Crowd sentiment for the stock is unanimously positive, with 100 percent of Vetr user ratings bullish.

This upgrade comes as the healthcare company recently experienced another major hiccup in its bid to acquire competitor Humana Inc HUM. On Tuesday, a federal court judge blocked the proposed merger on antitrust grounds and accused the company of misrepresenting the financial burden it provided as a reason for pulling out of the Affordable Care Act network in some states.

Following the block, share price in Aetna dropped nearly 3.5 percent to a Monday low of $118.35. The price fell further and was at $117.61 at the end of today's session.

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Currently, the Vetr crowd's average target price for the stock is up at $134.04, which is about a dollar shy of the average analyst target price of $135. Less than 2 percent of Vetr users are holding AET in their watch-lists.