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CVS

CVS Health

$52.81

0.09 (0.17%)

07:52
04/15/19
04/15
07:52
04/15/19
07:52

CVS Health downgraded to Perform at Oppenheimer

As previously reported, Oppenheimer analyst Michael Wiederhorn downgraded CVS Health to Perform from Outperform saying that he is looking to reset the bar on his rating, as he views it as more of a long-term opportunity given the potential timeline to execute on its strategy and the near-term legacy business challenges. Furthermore, the analyst expects the drug-price noise out of Washington to continue for the foreseeable future. Lastly, Wiederhorn notes that he remains bullish on the overall managed care sector, but CVS's exposure to the business is still quite modest, and he would prefer other names in the space right now.

  • 01

    May

CVS CVS Health
$52.81

0.09 (0.17%)

04/10/19
RHCO
04/10/19
NO CHANGE
RHCO
SunTrust lowers price targets on CVS, raises price target on WellCare
SunTrust analyst David MacDonald lowered his price target on CVS (CVS) to $65 from $85 as part of his broader research note previewing Q1 results for the healthcare services stocks. The analyst expects the quarter to reflect the company's challenges around reimbursement pressure, fewer generics, and lower brand inflation that should be a detriment to retail pharmacy and long-term-care businesses, even though he maintains a bullish view on the stock longer term based on its risk-reward profile. MacDonald also raises his price target on WellCare (WCG) to $340 from $305, saying his bullish expectation for the stock is driven by the company's "strong core trends, high visibility, and superb win rate". The analyst also cites the pending WellCare acquisition by Centene (CNC) yielding a "meaningful combined pharmacy opportunity and increased diversification" from an expanded "Medicaid footprint".
04/10/19
BMOC
04/10/19
INITIATION
BMOC
Market Perform
CVS Health initiated with a Market Perform at BMO Capital
BMO Capital analyst Matt Borsch initiated CVS Health with a Market Perform rating and a $58 price target. The analyst said that he is aware of the low valuation of the stock, but is "wary of further deterioration in the outlook given headwinds on CVS legacy businesses that have recently intensified," and is not confident "the pressures will diminish next year."
04/11/19
04/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with a Hold at HSBC. 2. Apple (AAPL), Dell Technologies (DELL), and HP Inc. (HPQ) initiated with a Neutral at Credit Suisse. 3. Yeti (YETI) initiated with an Outperform at Cowen. 4. CVS Health (CVS) initiated with a Market Perform at BMO Capital. 5. Canadian Solar (CSIQ) assumed with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/15/19
OPCO
04/15/19
DOWNGRADE
OPCO
Perform
CVS Health downgraded to Perform from Outperform at Oppenheimer

TODAY'S FREE FLY STORIES

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HLF

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Verint

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14:49
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Genesee & Wyoming pursued by Blackstone, Brookfield, others, Bloomberg says »

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NXPI

NXP Semiconductors

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-2.79 (-2.98%)

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FE

FirstEnergy

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0.31 (0.73%)

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HII

Huntington Ingalls

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Hot Stocks
Huntington Ingalls VP William Ermatinger sells almost $400K in company shares »

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  • 29

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QRVO

Qorvo

$59.38

-0.83 (-1.38%)

14:35
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Qorvo put volume heavy and directionally bearish »

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UIS

Unisys

$9.44

-0.3 (-3.08%)

14:31
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  • 25

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MAXR

Maxar Technologies

$8.20

1.05 (14.69%)

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BX

Blackstone

$40.84

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, PLD

Prologis

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PLD

Prologis

$76.02

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GLNG

Golar LNG

$19.17

-0.82 (-4.10%)

14:25
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Golar LNG call volume above normal and directionally bullish »

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MAXR

Maxar Technologies

$8.04

0.89 (12.45%)

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$NSD

NASDAQ Market Internals

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FL

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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Technical Analysis
NYSE market internals summary »

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14:15
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Conference/Events
Wolfe Research pharmaceuticals analyst to hold analyst/industry conference call »

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VXX

iPath S&P 500 VIX Short-Term Futures

$29.12

1.91 (7.02%)

14:10
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Options
Bullish spread opened in VIX Short-term Futures Fund »

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14:06
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Conference/Events
Wolfe Research managing director to hold an analyst/industry webinar »

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MAXR

Maxar Technologies

$7.59

0.44 (6.15%)

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GLUU

Glu Mobile

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Glu Mobile call volume above normal and directionally bullish »

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MAXR

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14:03
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NASA selects Maxar for first part of lunar gateway, WFTV reports »

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