UPDATE: JP Morgan Initiates UnitedHealth with Overweight, $72 PT on Top-Line Growth Prospects
JP Morgan initiates its coverage on UnitedHealth (NYSE: UNH) with an Overweight rating and a price target of $72.
JP Morgan comments, "We see UNH as a core managed care holding going into the uncertainty of 2014 Healthcare Reform implementation and the complicating factors of the imminent Supreme Court ruling and November elections. With best in class business momentum in the company's Health Benefits segment coupled with increasing confidence in the "coiled spring" of earnings sitting in the Optum business through 2015, UNH offers a number of levers to strong/visible earnings growth."
UNH closed at $57.84 on Tuesday.
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