UnitedHealth Upgraded to “Buy” at Jefferies & Co. (UNH)

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Health benefits provider UnitedHealth Group Inc. ( UNH ) 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 Monday.

The Bottom Line
Shares of UnitedHealth ( UNH ) 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. ( UNH ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 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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