Jefferies Remains Bullish on UnitedHealth Group (UNH) Following Conference Call
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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."
Shares of UnitedHealth Group closed at $152.11 yesterday.
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