CVS Health (CVS) Receives a Buy from J.P. Morgan

In a report issued on August 3, Lisa Gill from J.P. Morgan maintained a Buy rating on CVS Health (CVSResearch Report), with a price target of $130.00. The company’s shares closed last Thursday at $101.87.

According to TipRanks.com, Gill is a 5-star analyst with an average return of 18.4% and a 66.5% success rate. Gill covers the Healthcare sector, focusing on stocks such as Lifestance Health Group, Privia Health Group, and Option Care Health.

CVS Health has an analyst consensus of Moderate Buy, with a price target consensus of $118.10, which is a 15.6% upside from current levels. In a report issued on August 3, Mizuho Securities also reiterated a Buy rating on the stock with a $115.00 price target.

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Based on CVS Health’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $76.83 billion and net profit of $2.31 billion. In comparison, last year the company earned revenue of $69.1 billion and had a net profit of $2.22 billion.

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Headquartered in Rhode Island and founded in 1963, CVS Health Corp. is a healthcare company in the U.S. that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; Aetna, a health insurance provider, among many other brands.

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