Health benefits provider UnitedHealth Group Inc. (
) on Monday saw its rating and price target boosted by analysts at
Jefferies & Co.
The firm said it upgraded UNH from "Neutral" to "Buy" and lifted
its price target to $60. That new target implies a 20% upside to
the stock's Friday closing price of $49.74.
A Jefferies analyst commented, "UNH produced broadbased
operational outperformance in 1Q. We now have higher comfort that
cost trend can benefit not only MA and Medicaid books, but also
Commercial with a still adequate gap to the floor. UNH's strategic
leadership is well-known."
UnitedHealth shares were mostly flat in premarket trading
The Bottom Line
Shares of UnitedHealth (
) have a 1.01% dividend yield, based on Friday's closing stock
price of $49.74. The stock has technical support in the $45 price
area. If the shares can firm up, we see overhead resistance around
the $50-$55 price levels.
UnitedHealth Group Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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