Chipotle Shares Deemed Overvalued and 4 Stock Analyses to Note
Unitedhealth Group, Inc. (NYSE:UNH): The Managed Care sector has been downgraded by Deutsche Bank to Neutral from Positive due to increased underwriting risks and a lack of catalysts. UnitedHealth and Wellpoint (NYSE:WLP) shares were downgraded to Hold from Buy, and the firm upgraded Health Net (NYSE:HNT) shares to Hold from Sell and kept a Buy rating on Aetna (NYSE:AET) shares, which is its top pick in the space.
Chipotle Mexican Grill, Inc. (NYSE:CMG) shares are seen by Jefferies as being overvalued currently, and the firm keeps its Underperform rating and a $215 price target on the stock. The firm believes that there is risk to Chipotle’s same-store-sales and earnings when considering the lack of new product news along with more competitive pressures.
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Aspen Technology Inc. (NASDAQ:AZPN) price target has been increased by Benchmark Co. as a result of the positive tone of the market for software stocks and the belief that the stock has the ability to keep working at current levels. The firm reiterates its Buy rating on the stock.
J. C. Penney Company, Inc. (NYSE:JCP) has been removed from Deutsche Bank’s short-term buy list.
BlackRock, Inc. (NYSE:BLK) target and estimates have been increased by Stifel Nicolaus due to higher ETF flows during Q4, a higher future iShares fee rate earned, and margin expansion. The firm has predicted that ETF flows will keep being positive, and it predicts that iShares average fee rate for equities will see a rebound during 2013. The firm keeps its Buy rating on the stock.
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