Jefferies Maintains Hold on UnitedHealth Group, Lowers Price Target to $503
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst David Windley has maintained a Hold rating on UnitedHealth Group (NYSE:UNH) but reduced the price target from $565 to $503.
November 20, 2023 | 3:49 pm
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Jefferies has maintained a Hold rating on UnitedHealth Group but lowered the price target from $565 to $503, indicating a potential downside compared to the previous target.
The reduction in price target by Jefferies suggests that they see less upside potential for UnitedHealth Group's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price as the market adjusts to the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100