Jefferies raised the firm’s price target on UnitedHealth (UNH) to $531 from $529 and keeps a Hold rating on the shares. The firm is tweaking its estimates and targets for Humana (HUM), UnitedHealth and Centene (CNC) after having analyzed which MCOs will capitalize on community MA retrenchment in 2024. The firm calculates the opportunity is 1%-3% of Humana’s 2024 EPS, while the opportunity for UnitedHealth is only 0.5% of 2024 EPS, the analyst tells investors.
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