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Cantor Fitzgerald Downgrades UnitedHealth Group (UNH) to Hold

October 18, 2013 7:40 AM EDT Send to a Friend
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Price: $85.75 +1.26%

Rating Summary:
    13 Buy, 6 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 23 | New: 13
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Cantor Fitzgerald downgraded UnitedHealth Group (NYSE: UNH) from Buy to Hold with a price target of $70.00 (from $75.00).

Analyst Joseph D. France said, "We are lowering our rating on UnitedHealth from BUY to HOLD to reflect its recent move near our $75 price target, which we are reducing to $70 to reflect our lower 2013-14 EPS estimates. Although the company's 3Q:13 results were inline with expectations, and there is no significant change in its guidance (although management was more specific about the outlook than in the past), we see little upside in the stock, given uncertainty about reform, costs and utilization. Our new EPS estimates are $5.45 for 2013 (reduced from $5.50) and $5.75 for 2014 (vs. $6.10 previously)."

For an analyst ratings summary and ratings history on UnitedHealth Group click here. For more ratings news on UnitedHealth Group click here.

Shares of UnitedHealth Group closed at $71.37 yesterday.




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