Analysts’ Top Services Picks: W, UNH

By Jason Carr

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Wayfair Inc (NYSE: W) and UnitedHealth (NYSE: UNH) with bullish sentiments.

Wayfair Inc (NYSE: W)

In a report released yesterday, John Blackledge from Cowen & Co. reiterated a Buy rating on Wayfair Inc (NYSE: W), with a price target of $90. The company’s shares closed yesterday at $85.39, close to its 52-week high of $85.65.

According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 16.2% and a 71.0% success rate. Blackledge covers the Services sector, focusing on stocks such as Sirius XM Radio, Pandora Media, and Quinstreet.

Wayfair Inc has an analyst consensus of Moderate Buy, with a price target consensus of $80.80.

UnitedHealth (NYSE: UNH)

Cowen & Co. analyst Christine Arnold reiterated a Buy rating on UnitedHealth (NYSE: UNH) today and set a price target of $260. The company’s shares closed yesterday at $225.39, close to its 52-week high of $231.77.

According to TipRanks.com, Arnold is a 5-star analyst with an average return of 32.1% and a 94.9% success rate. Arnold covers the Services sector, focusing on stocks such as WellCare Health Plans, Molina Healthcare, and Centene Corp.

Currently, the analyst consensus on UnitedHealth is Strong Buy and the average price target is $250.20, representing an 11.0% upside.

In a report issued on January 3, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $269 price target.

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