UnitedHealth Group (UNH): Raising PT to $168 - Jefferies
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Rating Summary:
28 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 9 | New: 14
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Jefferies analyst, David Windley, reiterated his Buy rating on shares of UnitedHealth Group (NYSE: UNH) and raised his price target to $168 from $163. UNH's high quality results, guidance raise, and affirmation of 2017 consensus EPS affirm the analyst's thesis of an attractive growth outlook. The analyst believes that improving Commercial pricing, MA enrollment, Medicaid wins, and Optum backlog growth point to strong revenue momentum.
The next catalyst is the company's analyst day on Nov 29.
The higher 2016 stepping off point prompts us to raise 2017E EPS and raise our PT to $168.
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.
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