UnitedHealth downgraded to Buy from Conviction Buy at Goldman Goldman Sachs downgraded UnitedHealth to Buy saying it sees better opportunities elsewhere within healthcare given its expectations for a stronger utilization environment. The firm dropped its price target for shares to $91 from $96.
Price targets raised for Managed Care Organizations at UBS UBS raised its price targets on the Managed Care Organizations in their coverage universe. The firm cites increased volumes, a lack of new legislation, the potential for industry consolidation, and limited exposure to international markets that face a weak macro economic backdrop. UBS raised its price target on Aetna (AET) to $128 from $120, Anthem (ANTM) to $175 from $163, Cigna (CI) to $149 from $140 and United Health (UNH) to $135 from $131. UBS has a Buy rating on all four stocks.
Leerink healthcare services analyst holds an analyst/industry conference call Healthcare Services Analyst Gupte discusses Sustainable Growth Rate (SGR) and the proposed pay-fors and implications For Healthcare Services on an Analyst/Industry conference call to be held on March 20 at 11 am.