Brokerages lower PT on UnitedHealth amid high uncertainty, criminal probe report

At least 3 brokerages cut PT on UnitedHealth Group UNH.N, but maintain "outperform" rating after a report of a DOJ criminal probe over alleged Medicare fraud

Mizuho cuts to $350 from $515, Bernstein cuts to $377 from $594, and RBC Capital Markets cuts to $355 from $525

Mizuho says there was "high level of uncertainty," and that the new estimates reflect the operational challenges

Mizuho suspects negative news around UNH over last few months had "an adverse impact on physicians coding more conservatively"

"We are encouraged that the business remains profitable, which along with stronger MA rates for 2026, should ease the lift back to target margin in 2026," says RBC Capital Markets
All 3 lowered their adj profit estimates for 2025

As of last close, stock down 45.8% YTD