Leerink initiated coverage of CVS Health with an Outperform rating and $88 price target. CVS has built one of the broadest healthcare services enterprise in the market, and is still the largest retail pharmacy player, one of the two largest pharmacy benefit managers, and one of the largest managed care providers, the analyst tells investors in a research note. The firm sees a pathway towards rebooting core growth, which will come with the high-end cash flow generation CVS has always had.
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