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

By Dividend.com,  May 23, 2011, 08:52:58 AM EDT

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.


This article appears in: Investing, Stocks

Referenced Stocks: UNH



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