This Analyst Just Hiked Their UnitedHealth Stock Price Target by 50%. Should You Buy UNH Now?
UnitedHealth (UNH) shares are inching higher on Wednesday after senior Wells Fargo analyst Stephen Baxter issued a positive note in favor of the world’s largest health insurance company.
Baxter maintained his “Overweight” rating on UNH this morning and raised his price target to $400, indicating potential upside of another 8% from current levels.
His bullish call is particularly significant given UnitedHealth stock has already soared more than 50% since early August.
Baxter’s research report arrives only days after UnitedHealth announced plans of scaling back its Medicare Advantage offerings, a decision that will likely affect some 180,000 beneficiaries.
Still, the Wells Fargo…
