UnitedHealth initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald analyst Sarah James initiated coverage of UnitedHealth with an Overweight rating and $591 price target. Heading into an election cycle in a cost-inflationary environment makes the company’s features of innovation, ROIC, and risk diversification even more valuable, the analyst tells investors in a research note. UnitedHealth will continue to be on the forefront of pushing value-based care on the payor, provider, and enablement technology fronts, which should drive its earnings growth over the next few years, the firm added.