UnitedHealth Group Inc
UNH: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$956.00 | Nmpfhp | Kkypczpxff |
UnitedHealth Earnings: Raising Valuation on Solid Performance, Maintained Outlook Despite Challenges
On an adjusted basis, narrow-moat UnitedHealth turned in stronger second-quarter results than expected. This allowed it to maintain its 2024 outlook despite Change Healthcare-related challenges, South American exit costs, and elevated medical utilization pressuring the firm. After tinkering with our near-term estimates and recognizing cash flows generated since our last valuation update, we are increasing our fair value estimate by 6%, to $550 per share from $520.