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Down the Road
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Business New Haven
7/13/1998
By: Kristine Hansen
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HARTFORD - On June 22, Lehman Brothers announced that it would lower its rating of Aetna Inc. (NYSE: AET) from outperform to neutral. Estimates of 1998 earnings per share were reduced from $3.81 to $3.66 per share. And the estimates for 1999 were reduced from $4.91 to $4.55. Aetna is a financial services and health-care insurer headquartered in Hartford. Its stock closed at 74 5/16 on June 26.
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