Raymond James lists UnitedHealth stock as top pick on discount

EditorAhmed Abdulazez Abdulkadir
Published 12/26/2024, 09:44 AM
UNH
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On Thursday, Raymond (NS:RYMD) James elevated UnitedHealth Group (NYSE: NYSE:UNH) to its Analyst Favorites list, highlighting the stock's current valuation as an attractive entry point. The analysts noted that UnitedHealth is trading at approximately a 22% discount to the S&P 500, which they consider historically appealing. They based their positive outlook on expectations of improving fundamentals and favorable developments throughout 2025.

The research firm anticipates that the Medicare Advantage (MA) advanced rate notice, expected in late January, could further support their thesis. Despite uncertainties regarding Trump administration's policies towards MA, Raymond James analysts believe the current administration will not adopt a more adversarial stance than the previous one. The company's solid financial health, earning a GOOD rating from InvestingPro's comprehensive analysis, suggests it's well-positioned to navigate potential policy changes.

Raymond James also expressed confidence in UnitedHealth's projections for 2025, suggesting that the company's Medical (TASE:PMCN) Loss Ratio (MLR) assumptions could be conservative. They pointed out that UnitedHealth typically surpasses its initial guidance ranges by about 4%, excluding the previous year's atypical challenges, such as MLR pressures and the Change Healthcare (NASDAQ:CHNG) cyberattack.

The analysts project that UnitedHealth's stock will gain strength over the year as comparisons become more favorable and the market begins to price in anticipated growth for 2026. They underscored the company's historical pattern of outperforming its guidance, positioning it for potential upward momentum in the stock market.

In other recent news, UnitedHealth Group has been making headlines with significant developments. The company's CEO, Brian Thompson, was tragically murdered, with suspect Luigi Mangione pleading not guilty to charges including murder as an act of terrorism. If convicted, Mangione could face a life sentence without parole.

In legislative news, new healthcare provisions targeting pharmacy benefit managers (PBMs) have been less stringent than feared, according to Mizuho (NYSE:MFG) analyst Ann Hynes. These provisions, which will not take effect until 2028, are expected to increase transparency and accountability within the PBM industry, but are not anticipated to significantly alter current business models.

In connection with the recent legislative developments, UnitedHealth Group, along with CVS Health (NYSE:CVS) and Cigna Corp (NYSE:CI), has seen an increase in stock prices. The reassessment of the impact of the legislative provisions has led to a revival in investor confidence.

Lastly, President-elect Donald Trump's commitment to reforming the PBM system has caused a dip in healthcare stocks, including UnitedHealth. However, the long-term effects of these proposed reforms remain to be seen.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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