UnitedHealth's Strategic Positioning and Valuation Justify Buy Rating Amid DOJ ScrutinyWe view the magnitude of today's move as seemingly overdone, but it admittedly adds to the growing media scrutiny around UNH and the broader MCO group, that we do not anticipate will abate anytime soon. UNH is currently trading at 15.2x, below its 3, 5, and 10 year averages (19.5x, 19.3x, and 18.2x, respectively). Relative to the diversified MCO peer group, UNH is trading at its Morgan Stanley & Co.