BMO Capital Boosts Target, Estimates for UnitedHealth Group Following Strong Q3 Results (UNH)

By Staff,

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Health benefits provider UnitedHealth Group Inc. ( UNH ) on Wednesday received some further bullish commentary from analysts at BMO Capital.

The firm maintained its "Outperform" rating on UNH and lifted its price target to $70. That new target suggests a 23% upside to the stock's Tuesday closing price of $56.88.

BMO Capital said it made the move following the company's solid third quarter earnings report on Tuesday. The analyst sees solid momentum across all of UNH's business segments.

UnitedHealth Group shares posted small gains in premarket trading Wednesday.

The Bottom Line
Shares of UnitedHealth Group ( UNH ) have a 1.49% dividend yield, based on last night's closing stock price of $56.88. The stock has technical support in the $52-$54 price area. The stock is trading near the all-time high price range of $60-$62 a share.

UnitedHealth Group Inc. ( UNH ) is not recommended at this time, holding a 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 .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: UNH

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