MOST NOTEWORTHY: UnitedHealth Group Inc (UNH), Aetna Inc (AET), Hercules Inc (HPC) and Alcatel-Lucent (ALU), were today's noteworthy initiations:
- Jefferies started UnitedHealth Group inc NYSE: UNH) with a Hold rating and $48 target and said near-term risk is still present due to unfavorable reserve adjustments to the company's commercial risk business and high expectations for improvement in the company's commercial medical care ratio.
- Aetna Inc (NYSE: AET) was also initiated by Jefferies with a Hold rating based on valuation.
- Credit Suisse started Hercules Inc (NYSE: HPC) with an Outperform rating and $24 target.
OTHER INITIATIONS:
- Cowen is positive on MIPS Technologies, Inc (NASDAQ: MIPS), starting the company with an Outperform rating, and expects a deal with Microchip Technology Inc (MCHP) to be announced soon.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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