Credit Suisse Raises UNH Target To $50

Credit Suisse is raising its estimates and PT on UnitedHealth Group UNH. “We increase our 2011 EPS +5c to $3.80, above guidance of $3.50 $3.70, and also increase our 2012 and 2013 EPS to $4.15 (+5c) and $4.60 (+10c), respectively,” Credit Suisse writes. “Our 2013 EPS is consistent with our LT CAGR estimate of 10%, but below UNH's target sustainable average EPS growth of 13-16%/year. Our PT is $50 (+$2), 12x our 2012 EPS, and imbeds a 10.9% WACC.” UnitedHealth Group closed Thursday at $40.31.