HSBC Downgrades UnitedHealth Group to Reduce, Lowers Price Target to $480
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Rajesh Kumar has downgraded UnitedHealth Group (UNH) from Hold to Reduce and reduced the price target from $550 to $480.
December 18, 2023 | 12:26 pm
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HSBC downgraded UnitedHealth Group from Hold to Reduce and lowered the price target from $550 to $480.
The downgrade by HSBC from Hold to Reduce suggests a bearish outlook on UNH by the analyst. The reduction in price target from $550 to $480 indicates a negative revision of the stock's valuation, which could lead to a decrease in investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100