Health and prescription benefits company UnitedHealth Group
) saw its price target raised on Wednesday by analysts at Morgan
The firm said it now expects UNH shares to reach $42, which
implies a 20% upside to the stock's Wednesday closing price of
Morgan Stanley noted the company should continue to experience
growth in its services segment, and maintained its "Overweight"
UnitedHealth shares fell 17 cents, or -0.5%, in premarket
The Bottom Line
We have avoided shares of UNH since our early June 2008 coverage
began, when the stock was trading at $33. The company has a 1.43%
dividend yield, based on last night's closing stock price of
$35.07. The stock has technical support in the $32 price area. If
the shares can firm up, we see overhead resistance around the
$37-$42 price levels. We would remain on the sidelines for now.
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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