Leerink Partners Raises Price Target on UnitedHealth Group (UNH) Following 3Q Report

October 19, 2016 7:28 AM EDT
Get Alerts UNH Hot Sheet
Price: $159.07 +0.26%

Rating Summary:
    25 Buy, 2 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
Trade UNH Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Leerink Partners reiterated an Outperform rating on UnitedHealth Group (NYSE: UNH), and raised the price target to $175.00 (from $165.00), following the company's 3Q earnings report. Management expressed comfort with the $9.10 2017 EPS, confirming expectations that guidance on Nov. 29 I-Day will bracket consensus with upside. 2016 EPS estimates were raised to $8.02 and 2017 to $9.17 with expected revenue, net income and EPS medium term growth at 12%, 16% and 17%, respectively.

Analyst Ana Gupte commented, "UNH's solid "Beat & Raise" 3Q with a 9c EPS beat and 13c raise gives us more confidence in the strength of their diversified platform and execution while also offering positive readacross for Commercial Fully Insured & Individual fundamentals to the rest of the group."

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 $143.39 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities


Add Your Comment