Jefferies Analyst Names Favorites In Managed Healthcare Sector
In a note released Thursday, Jefferies analyst David Windley downgraded shares of UnitedHealth Group (NYSE: UNH) from Buy to Hold and maintained an $87 price target.
Windley noted that the downgrade was based on valuation and wrote, "We do not have specific fears about UnitedHealth's second quarter, but do not expect significant upside."
Speaking on the managed care sector as a whole, Windley suggested that, due to strong performance year-to-date, the stocks may have a hard time moving "significantly" higher on earnings.
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