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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