Health and prescription benefits company UnitedHealth Group Inc. ( UNH ) on Wednesday saw its price target raised by analysts at Goldman Sachs.
The firm said it now expects UNH shares to reach $43, which represents an expected 18% upside to the stock's Tuesday closing price of $36.52.
A Goldman analyst noted the company recently concluded an upbeat investor meeting, and should be able to meet its near-term earnings targets.
UnitedHealth Group shares rose 38 cents, or +1%, in premarket trading Wednesday.
The Bottom Line
Shares of UnitedHealth Group ( UNH ) have a 1.37% dividend yield, based on last night's closing stock price of $36.52. The stock has technical support in the $32 price area. If the shares can firm up, we see overhead resistance around the $42-$43 price levels.
UnitedHealth Group Inc. ( UNH ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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