Deutsche Bank Downgrades UnitedHealth to “Hold” (UNH)
On Thursday analysts at Deutsche Bank downgraded UnitedHealth Group Inc. (UNH) as price competition is increasing for the healthcare services provider.
The analysts downgraded UNH from “Buy” to “Hold” with a price target of $61. This target is a +11.8% upside to Wednesday’s closing price of $54.54.
UnitedHealth shares were down $1.54, or -2.82%, during premarket trading on Thursday.
The Bottom Line
Shares of UnitedHealth (UNH) have a 1.56% dividend yield, based on last night’s closing stock price of $54.54. The stock has technical support in the $50-$51 price area. If the shares can firm up, we see overhead resistance around the $58 price level.
UnitedHealth Group Inc. (UNH) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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