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UnitedHealth price target raised to $420 from $380 at BofA

BofA analyst Kevin Fischbeck raised the firm’s price target on UnitedHealth (UNH) to $420 from $380 and keeps a Neutral rating on the shares. The tone of a discussion with the leadership team at the BofA Healthcare Conference was “bullish,” as the company is confident that it should be able to get back to at least the low end of its target margins in most businesses by 2028, the analyst tells investors.

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