UnitedHealth price target raised to $600 from $590 at Loop Capital

Loop Capital analyst Joseph France raised the firm’s price target on UnitedHealth to $600 from $590 and keeps a Buy rating on the shares. The company’s Q1 results saw "solid upside" and its guidance raise for FY23 was "conservative", as UnitedHealth attraction has likely "increased considerably" in recent weeks, the analyst tells investors in a research note. Given its leading Star ratings, growing range of services and expanding provider network, UnitedHealth’s value-based care platform should continue driving revenue and earnings, Loop Capital added.