CNBC Pro

Wells Fargo is positive on health insurers and likes UnitedHealth the best

Share
UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange.
Michael Nagle | Bloomberg | Getty Images

Some of the biggest names in the managed care sector appear to be the best bets in an industry that still has growth ahead, Wells Fargo said in a note to clients.

Analyst Stephen Baxter initiated coverage of the sector on Tuesday night, giving overweight ratings to UnitedHealthGroup and Anthem. Baxter said he was cautiously optimistic on the stocks overall.

More In Street Calls

CNBC ProHere are Wednesday's biggest analyst calls of the day: Netflix, Amazon, FedEx, McDonald's & more
CNBC ProJPMorgan downgrades Carvana, says rally in the auto retailer needs to take a breather
CNBC ProGoldman Sachs names 10 ‘rapidly’ growing global stocks — and two have an upside of 45%