UnitedHealth Group’s Price Target Boosted at Credit Suisse (UNH)

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Health and prescription drug benefits provider UnitedHealth Group Inc. ( UNH ) on Monday saw its price target boosted by analysts at Credit Suisse.

The analyst said it raised its target for UNH from $52 to $56, suggesting a 17% upside to the stock's Friday closing price of $47.81.

Credit Suisse maintained its "Outperform" rating on UNH, citing better-than-expected first quarter earnings results and reduced uncertainty.

UnitedHealth Group shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of UnitedHealth Group ( UNH ) have a 1.05% dividend yield, based on Friday's closing stock price of $47.81. The stock has technical support in the $43-$45 price area. If the shares can firm up, we see overhead resistance around the $50-$52 price levels.

UnitedHealth Group Inc. ( UNH ) 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 .

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

Created by Dividend.com

This article appears in: Investing , Stocks

Referenced Stocks: UNH

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