Barclays Initiates Coverage On CVS Health with Equal-Weight Rating, Announces Price Target of $78
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Andrew Mok initiates coverage on CVS Health (NYSE:CVS) with an Equal-Weight rating and sets a price target of $78.
March 06, 2024 | 11:26 am
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Barclays initiated coverage on CVS Health with an Equal-Weight rating and a price target of $78.
The initiation of coverage by Barclays with an Equal-Weight rating and a specific price target provides investors with a new professional analysis to consider. However, an Equal-Weight rating suggests that Barclays views CVS Health's stock as fairly valued at its current price, implying no significant short-term price movement is expected. The price target of $78 offers a reference point but does not significantly deviate from current levels, thus the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90