Truist lowered the firm’s price target on CVS Health (CVS) to $67 from $76 but keeps a Buy rating on the shares after its Q3 earnings miss. The firm is updating its model after the company’s Q3 results, though it remains bullish on the stock given CVS’s unique set of assets, diverse offering, robust clinical capabilities, and ongoing shift to healthcare delivery, the analyst tells investors in a research note.
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Read More on CVS:
- Dr. Oz spoke of expanding Medicare Advantage plans, says JPMorgan
- Trump names Dr. Oz as administrator of Medicare and Medicaid Services
- CVS Health appoints Sreekanth Chaguturu as president, health care delivery
- Spirit enters into bankruptcy proceedings, CVS names new directors: Morning Buzz
- CVS board additions ‘should add comfort to investors,’ says Evercore ISI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
