Street View: UnitedHealth's strong results set tone for peers

Evolent Health

17/10/2022 14:46

** UnitedHealth Group  UNH.N  expects to meet Wall Street's
loftier expectations for 2023 profit after the health insurer
raised its annual profit forecast for the third time on Friday,
helped by lower COVID costs
    CONSISTENT EXECUTION
    ** Oppenheimer ("outperform", PT:$610) says the quarter
builds on UNH's consistent track record, and believes co and the
managed care group "remain highly attractive in light of the
market and economic backdrop"
    ** Stephens ("overweight", PT:$590) says progression of co's
results in 2022 represents "a textbook case study in executing
on its long-term growth algorithm"
    ** BTIG views UNH's results as important because as one of
the largest health insurers in the U.S., co has "good insight"
into utilization and macro trends that set the stage for Q3 2022
earnings
    ** Broker adds comments coming from UNH are favorable for
Evolent Health  EVH.N , Privia  PRVA.O , Sharecare  SHCR.O , and
Agilon  AGL.N 
    ** RBC Capital Markets ("outperform", PT:$592) says co's
2023 guidance suggests "a characteristically conservative guide
that also allows room for normalizing inpatient trends,
inflationary costs, and other unknowns like the coming flu
season"
    ** SVB Securities ("outperform", PT:$618) says UNH remains
"well-hedged" with a distinct platform "driving visibility into
compounding growth through an otherwise uncertain macro
environment"  
 (Reporting by Roshan Abraham in Bengaluru)
 ((Roshan.Abraham@thomsonreuters.com))