UnitedHealth Group (UNH) new Top Pick at Morgan Stanley, Replaces Cigna (CI)

Morgan Stanley analyst Erin Wright reiterated an Overweight rating and $587.00 price target on UnitedHealth Group (NYSE: UNH).

"We are updating our top pick to UnitedHealth (from Cigna OW) driven by 1) UNH's diversification providing more immunity to potential recent PBM regulatory and recession risks, 2) Medicare Advantage competitive positioning into 2024 and 3) Power of OptumHealth in driving future earnings growth."

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 $515.18 yesterday.

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