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Fly News Breaks for January 14, 2019
UNH
Jan 14, 2019 | 07:57 EDT
Stephens analyst Scott Fidel initiated coverage of 11 Managed Care and Healthcare Facilities stocks, telling investors that overall he is constructive on managed care and selective on hospitals. He started UnitedHealth with an Overweight rating and $287 price target, telling investors that he believes the company still has among the strongest near-term and long-term growth prospects in the sector despite its "unmatched size and scale." Fidel cites UnitedHealth's leading market position in MA, "outsized growth ambitions" for OptumCare, and expansion into global healthcare markets being in its early stages.
News For UNH From the Last 2 Days
UNH
Mar 28, 2024 | 06:51 EDT
BofA downgraded Molina Healthcare (MOH) to Underperform from Neutral with a $439 price target. The firm, which is concerned that Molina and the Medicaid industry more broadly are likely to face rate pressure after a period of elevated margins, sees a less attractive risk/reward for Molina compared to other insurers the firm covers, the analyst tells investors. Molina is now trading roughly at parity with the firm's top pick in the space, UnitedHealth (UNH), compared to a 22% discount that had been seen over the last five years, helping to underscore the firm's view that "sentiment for Medicaid is nearing a top just at a time when Medicare is reaching a bottom," the analyst added.