UnitedHealth "outperform"

22.08.07 - Credit Suisse

NEW YORK, August 22 (newratings.com) - Analysts at Credit Suisse reiterate their "outperform" rating on UnitedHealth Group (UNH). The target price is set to $62.

In a research note published this morning, the analysts mention that the company has announced the departure of the head of its Commercial Services business, Richard Anderson, as well as the president of the Public and Senior Markets group, Lois Quam. While Anderson?s departure comes amidst rising medical costs and a slowdown in enrollment growth in the commercial business, Quam's resignation was unexpected, the analysts say. Although the departures do send out a warning signal, UnitedHealth has a robust management team and Anderson and Quam were not really involved in the day-to-day operations of their respective business units, Credit Suisse points out.