Jefferies Raised Price Target on UnitedHealth Group (UNH) to $136 Following 4Q

Jefferies reiterated a Buy rating on UnitedHealth Group (NYSE: UNH), and raised the price target to $136.00 (from $135.00), following the company's 4Q earnings report. The company met 2015 guidance and maintained its 2016 range while absorbing higher 4Q15 reserves and a 6c ACA fee timing headwind in 2016.

Analyst David Windley commented, "We reiterate our Buy rating and modestly bump up our earnings outlook and PT. The company's core business performed better than expected in 4Q and momentum entering 2016 (excluding the Exchanges) is incrementally encouraging. Business retention is high, membership has upside to guidance, and visibility on key fundamentals is improving."

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 $112.58 yesterday.

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