Goldman Sachs Lowers Price Targets On Managed Care Stocks (CI, UNH, HNT)

Goldman Sachs GS said that they are lowering price targets on Managed Care stocks by 2%-15% in order to "adjust multiples to more realistic levels in light of recent market weakness and volatility." According to the report, however, the lowered targets still reflect 26% near-term upside. Goldman has Buy ratings on Cigna Corp. CI, United Health UNH, and Health Net HNT. The firm lowered their target on CI from $47 to $46. Health Net's (HNT) new price target is $30, compared to $31 previously, and UNH was lowered $2 to $39 from $41.