UnitedHealth "buy," price objective reduced

12.04.06 - A.G. Edwards & Sons

NEW YORK, April 12 (newratings.com) - Analyst J Paul Newsome of AG Edwards maintains his "buy" rating on UnitedHealth Group (UNH). The price objective has been reduced from $72 to $60.

In a research note dated April 10 and published yesterday, the analyst mentions that the company faces a possible investigation by the SEC for its use of stock options. UnitedHealth?s earning potential remains robust, the analyst says. The widespread concern regarding UnitedHealth?s leadership has resulted in the recent sell-off in the company?s shares, AG Edwards adds.