Health and well-being company UnitedHealth Group Inc. (
) 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
The Bottom Line
Shares of UnitedHealth Group (
) 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. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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