Jefferies Lifts Price Target On UnitedHealth (UNH)
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Price: $286.48 -0.79%
Rating Summary:
26 Buy, 9 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
26 Buy, 9 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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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.
"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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