UnitedHealth Group (UNH) NewsBite - UNH Receives Buy Rating From BofA/Merrill

Posted: Friday, October 16, 2009 12:20 PM EDT

UnitedHealth Group (NYSE: UNH) opened at $24.71. So far today, the stock has hit a low of $24.41 and a high of $24.96. UNH is now trading at $24.67, up $0.12 (0.49%). The stock hit its 52-Week high of $30.25 in February and set its 52-Week low of $15.19 in November. BofA/Merrill reinstated coverage on the stock today with a Buy rating with a $30 price target. Technical indicators for the stock are neutral and S&P gives UNH a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on UNH the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (UNH)