UnitedHealth Group (UNH) PT Raised to $280 at Cantor Fitzgerald
Cantor Fitzgerald raised its price target on UnitedHealth Group (NYSE: UNH) to $280.00 (from $235.00) while maintaining an Overweight rating.
Analyst Steven Halper commented, "On January 16, UNH reported strong 4Q17 results, driven by broad-based growth. Membership growth was stronger than expected driven by gains in Medicare and Medicaid. Optum's performance continues to be strong with all reporting segments producing double digit growth in operating earnings. UNH revised its 2018 adjusted EPS higher reflecting the impact from tax reform. Management will use a portion of tax savings to fund investments, which, in our view, improves the company's long-term growth outlook."