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Fly News Breaks for September 19, 2017
CVS
Sep 19, 2017 | 07:18 EDT
RBC Capital analyst George Hill started coverage of CVS with a $95 price target and an Outperform rating. He thinks that the company "could transform itself" by merging with a health insurance company, although he says that the chances of such a deal are "low." He estimates that such a deal could increase the company's EPS by over 10% and cause its multiple to rise by 200%-400%. Hill says that the stock's valuation is attractive even if the company does not make a deal.
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