UnitedHealth Group’s Target, Estimates Raised at Credit Suisse (UNH)

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Health and well-being company UnitedHealth Group Inc. ( UNH ) on Wednesday saw its price target and earnings estimates boosted by analysts at Credit Suisse.

The firm raised its target on UNH from $47 to $48, which implies a 36% upside to the stock's Tuesday closing price of $35.33.

Credit Suisse also boosted its 2010 and 2011 EPS estimates to $4.05 and $3.75, respectively, citing weaker cost trends and a favorable valuation, while maintaining its "Outperform" rating.

UnitedHealth Group shares were mostly flat in premarket trading Wednesday.

The Bottom Line
Shares of UnitedHealth Group ( UNH ) have a 1.42% dividend yield, based on last night's closing stock price of $35.33. The stock has technical support in the $32 price area. If the shares can firm up, we see overhead resistance around the $38 price level.

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.

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