Jefferies Remains Bullish on UnitedHealth Group (UNH) Following Conference Call

November 29, 2016 8:10 AM EST
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Price: $161.80 --0%

Rating Summary:
    25 Buy, 2 Hold, 1 Sell

Rating Trend: = Flat

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Jefferies reiterated a Buy rating and $168.00 price target on UnitedHealth Group (NYSE: UNH) following the company's 3Q earnings conference call.

Analyst David Windley commented, "CEO Hemsley's supportive comments of 2017 consensus on the 3Q16 earnings call foreshadowed a positive outlook. Considering that management has used that forum to talk down forward year expectations, we thought guidance bracketing consensus would be positive. That the midpoint of '17 guidance is 3% above '17 consensus and 18% up from '16 sets up a positive day tomorrow and positive start to '17."

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 $152.11 yesterday.

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