Market Overview

UPDATE: ISI Group Initiates CVS Caremark at Overweight, $53.50 PT

Share:
Related CVS
Jim Cramer Recommends Buying This $5 Stock, A Hot Retailer And More
CVS Invests In Curbside For Easy Customer Pickup
Dividend Growth Portfolio: April Update (Seeking Alpha)

ISI Group initiated its coverage on CVS Caremark (NYSE: CVS) with a rating of Overweight and a price target of $53.50.

ISI Group commented, "Our thesis for CVS is based on our view of continued share gain at the pharmacy given the success of Maintenance Choice and the continuation of the WAG/ESRX dispute, improved growth and profitability at Caremark as a result of innovative solutions and the streamlining initiative, and a very shareholder friendly approach to capital deployment and enhanced capital returns."

CVS Caremark closed at $46.90 on Wednesday.

Latest Ratings for CVS

DateFirmActionFromTo
Mar 2016Credit SuisseAssumesOutperform
Mar 2016BarclaysAssumesOverweight
Feb 2016Atlantic EquitiesInitiates Coverage onOverweight

View More Analyst Ratings for CVS
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (CVS)

View Comments and Join the Discussion!