Healthcare benefits provider Aetna Inc. (AET) on Wednesday caught a big downgrade from analysts at Goldman Sachs.

The firm said it cut its rating on AET from “Neutral” to “Sell” with a $45 price target, suggesting a small upside to the stock’s Tuesday closing price of $43.05.

Goldman said it made the move because the company’s commercial margins could continue to fall. The downgrade follows AET’s big earnings miss late last month.

Aetna shares fell $1.32, or -3.1%, in premarket trading Wednesday.

The Bottom Line
Shares of Aetna (AET) have a 1.63% dividend yield, based on last night’s closing stock price of $43.05. The stock has technical support in the $40 price area. If the shares can firm up, we see overhead resistance around the $47-$50 price levels.

Aetna Inc. (AET) is not recommended at this time, holding a Dividend.com 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.