Market Overview

UPDATE: Jefferies Initiates Coverage on CVS Caremark on Position to Benefit from Multiple Catalysts

Share:
Related CVS
Amazon's Making It Tough To Be A Costco Shareholder
Jim Cramer Advises His Viewers On Paypal, Under Armour And CVS
Eastern Bank Buys Guggenheim BulletShares —…–9 Corporate Bond, Danaher Corp, CVS Health ... (GuruFocus)

In a report published Tuesday, Jefferies analyst Mark Wiltamuth initiated coverage on CVS Caremark Corporation (NYSE: CVS) with a Buy rating and $71.00 price target.

In the report, Jefferies noted, “We recommend CVS Caremark as a core holding as we view it as the drug retailer best positioned to benefit from the Affordable Care Act, the aging of baby boomers and double-digit growth in specialty pharmacy. As the #1 US drugstore, #2 PBM, #2 in Medicare Part D insurance plans, and #2 in Specialty Pharmacy, the company's integrated PBM/retail model is best positioned to capture the coming shifts in the marketplace, in our view.”

CVS Caremark Corporation closed on Monday at $56.73.

Latest Ratings for CVS

DateFirmActionFromTo
Jun 2017NeedhamInitiates Coverage OnHold
Apr 2017Tigress FinancialInitiates Coverage OnBuy
Apr 2017Tigress FinancialInitiates Coverage OnBuy

View More Analyst Ratings for CVS
View the Latest Analyst Ratings

Posted-In: Jefferies Mark WiltamuthAnalyst Color Initiation Analyst Ratings

 

Related Articles (CVS)

View Comments and Join the Discussion!