RBC Capital Maintains Outperform on CVS Health, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ben Hendrix has maintained an 'Outperform' rating on CVS Health (NYSE:CVS), but lowered the price target from $91 to $86.

November 02, 2023 | 5:35 pm
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RBC Capital has maintained an 'Outperform' rating on CVS Health, but lowered the price target from $91 to $86.
The news is directly about CVS Health. The 'Outperform' rating suggests that the analyst expects CVS to do better than the market average, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the analyst has reduced expectations for the stock's future price. This could potentially lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100