Piper Sandler lowered the firm’s price target on UnitedHealth (UNH) to $417 from $423 and keeps an Overweight rating on the shares. The firm said it would be a buyer of UnitedHealth on the Q3 beat and raise, adding that execution at United Healthcare gives the firm visibility into, and confidence in, accelerating earnings growth over the next two years. An Optum Healthy overhaul is also underway, and CEO Steve Hemsley is transforming a confederation of providers into a national physician network to improve culture, clinical outcomes, and costs at scale, the analyst tells investors in a research note.
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