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CVS Is Transforming Health Care, Piper Sandler Says In Upgrade

CVS) with an Overweight rating and a $72 price target.

Seventy percent of the U.S. population lives within three minutes of a CVS store. James believes the company’s expansion of its HealthHubs are helping drive customers to stores and improve margins.

“See potential for best in class diversified healthcare delivery model with long term margin expansion. We believe leveraging pharmacy expertise and integrating retail/HealthHubs create attractive, local care delivery,” James said. “We believe CVS’ commitment to innovative tech and the Aetna integrations will drive the company’s long term growth beyond the legacy depiction of a retail pharmacy/PBM into a transformative healthcare company.”

“We believe the pandemic provides CVS with the opportunity to extend/accelerate its digital engagement strategy to customers and non-customers alike,” James said.

RAD) with 258 locations and Walgreens Boots Alliance Inc (NASDAQ: WBA) with 124 locations.

Latest Ratings for CVS

Date Firm Action From To
Sep 2020 Piper Sandler Initiates Coverage On Overweight
Aug 2020 Credit Suisse Maintains Outperform
Aug 2020 SVB Leerink Maintains Market Perform

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