Barclays Maintains Equal-Weight on CVS Health, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Andrew Mok maintains an Equal-Weight rating on CVS Health (NYSE:CVS) and lowers the price target from $78 to $63.
May 02, 2024 | 2:48 pm
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Barclays maintains an Equal-Weight rating on CVS Health and lowers the price target from $78 to $63.
The reduction in price target by Barclays, a major financial institution, suggests a reassessment of CVS Health's future financial performance or market position, potentially due to underlying challenges or revised market expectations. This adjustment is likely to influence investor sentiment negatively in the short term, leading to possible downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100