UnitedHealth falls after HSBC downgrade, PT cut
ReutersMay 21, 2025 10:49 AM
Shares of UnitedHealth UNH.N fall 7.35% to $297.95 premarket
Brokerage HSBC cuts stock to 'reduce' from 'hold', slashes PT to $270 from $490
UNH has secretly paid nursing homes thousands in bonuses to help slash hospital transfers for ailing residents as part of a series of cost-cutting tactics that saved co millions, but at times risked residents' health, The Guardian reports
Co did not immediately respond to Reuters' request for comment
Healthcare conglomerate's shares have been under pressure following its CEO's exit, the suspension of its annual forecast and WSJ report of criminal probe for possible Medicare fraud
Shares have fallen ~36% YTD
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