Jefferies Comments on CVS, Walgreens' Share Gain in TV Markets

“This month we have decided to take a look at drugstore market share changes over the last few years across the top TV markets in the U.S.,” Jefferies wrote in a report. “As the industry consolidates, larger players such as CVS Caremark (NYSE:

) and Walgreens (NYSE:

) continue to gain share. Indeed, in 13 of the top 15 TV markets the two companies combined have approximately 50% or more market share, up from seven of 15 markets in 2005.” CVS closed Thursday at $37.58; Walgreens closed at $42.46.