Jefferies Downgrades UnitedHealth Group; Names Favorites in Sector

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In a noted released earlier today Jefferies analyst, David Windley, downgraded shares of UnitedHealth Group Incorporated (NYSE: UNH) from Buy to Hold and maintained an $87 price target.Windley noted that the downgrade was based on valutaion 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.Windley's favorite large cap stocks in the sector are Aetna Inc. (NYSE: AET) and WellPoint Inc. (NYSE: WLP), and his favorite SMid cap is Health Net, Inc. (NYSE: HNT).

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