CVS Health shares are trading lower after UBS downgraded the stock from Buy to Neutral and lowered its price target from $85 to $60.
Portfolio Pulse from Benzinga Newsdesk
CVS Health's stock trades lower following a downgrade by UBS from Buy to Neutral, with a price target reduction from $85 to $60.

May 02, 2024 | 1:57 pm
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CVS Health's stock experienced a decline after UBS downgraded the stock from Buy to Neutral and reduced its price target from $85 to $60.
The downgrade by a major financial institution like UBS, accompanied by a significant reduction in the price target, typically leads to a negative short-term impact on the stock price. Investors often react to such analyst ratings changes, especially when it involves a shift from a positive to a neutral stance and a substantial lowering of the price target, indicating a revised outlook on the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100