Jefferies Lifts Price Target On UnitedHealth (UNH)

Jefferies raised estimates and its price target on UnitedHealth Group (NYSE: UNH) from $48 to $50, but maintained its Hold rating.

"UNH was the first large cap MCO to report 1Q11 results, and they far surpassed expectations. The company beat 1Q EPS by 25%+, raised 2011 EPS guidance by 11% (6% above consensus), and showed strong fundamental momentum. Thursday's 8% surge captured UNH's upside, in our view, but other MCOs such as HS, HNT, and HUM could still see further share appreciation."

FY11 EPS goes from $4.08 to $4.21.

For more ratings news on UnitedHealth Group click here and for the rating history of UnitedHealth Group click here.

Shares of UnitedHealth Group closed at $47.81 yesterday.

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