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Citi analyst Andrew Kaplowitz upgraded his rating for the heating and ventilation company to buy from neutral. The analyst accompanied the move by upping his price target to $74 from $65, implying that shares of Carrier Global could rally 17% going forward. The financial institution raised its price target for Nvidia to $150 from $135. Analyst Erin Wright stood by her overweight rating on the health insurance stock, reiterating her $595 price target. Wright set a price target of $374, which is 23% higher than the insurance company's Friday closing price of $355.48.
Persons: Goldman Sachs, Andrew Kaplowitz, CARR, Kaplowitz, — Lisa Kailai Han, Jefferies, Blayne Curtis, kingmaker, Curtis, Lisa Kailai Han, Morgan Stanley, UnitedHealth, Morgan Stanley's, Erin Wright, Wright, Bernstein, Stephen Reitman, Ferrari, Reitman, Ferrari's, Sanjeet Aujla, Aujla, BUD, Christopher Danely, Danely, James Schneider, Schneider, Fred Imbert Organizations: CNBC, Monday, Citi, Micron Technology, IBM, Carrier Global, Carrier, Nvidia, Humana, Ferrari, UBS, Anheuser, Busch InBev It's, Busch InBev, Micron, Citi Citi, Dow Jones Industrial, Dow Locations: China, UnitedHealth, U.S, Friday's
Investors are in for a rocky second half of the year, so it's time to take a look at stable earnings growers, says Morgan Stanley's top strategist Mike Wilson. It's also rooted in the view that companies broadly have already right-sized expenses and that margin expansion can now take hold," Wilson wrote to clients on Monday. In this uncertain climate, the strategist said he prefers stocks with stable earnings. They are: Coca-Cola surfaced on Morgan Stanley's list for stable earnings growers. UnitedHealth Group was identified as a stable earnings grower.
UnitedHealth 's business diversification and positioning within Medicare can take the health insurance giant a long way, according to Morgan Stanley. Analyst Erin Wright switched her top pick to UnitedHealth from Cigna in the health care facilities and managed care space. And within Optum's 56% share, she said earnings are evenly split between the company's health care, prescription and technology arms. She noted that UnitedHealth's earnings were closer to 90% from health insurance and 10% from Optum 10 year ago. (Medicare Advantage provides a way to get benefits from the "A" and "B" parts of Medicare.)
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