In Friday’s analysts’ actions, Wall Street firms are making bullish calls on Aetna (AET), Dillard’s (DDS) and Adobe Systems (ADBE). Cantor Fitzgerald upgraded Aetna to BUY from HOLD and lifted its price target to $140 from $100. After the health insurer merges with Humana (HUM), the firm expects Aetna’s earnings to ‘accelerate.’ Investors are undervaluing Aetna’s Medicare Advantage business due to concerns about health care consolidation. Credit Suisse is talking retail. Dillard’s was upgraded to NEUTRAL from UNDERPERFORM. Share buybacks are likely to ease pressure on valuation analysts said. However, there are ongoing challenges in the mall anchor industry. Looking ahead, the firm doesn’t see much growth in the company’s sales and margin. Analysts lowered their price target to $95 from $100. Jefferies increased Adobe’s price target to $92 from $90, and gave the stock a BUY rating. TheStreet’s U-Jin Lee reports from New York.
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