Jefferies Boosts Price Target on CVS Caremark (CVS) After Q1 Results
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Price: $94.12 -3.13%
Rating Summary:
34 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
Rating Summary:
34 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
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Jefferies boosted estimates and its price target on CVS Caremark (NYSE: CVS) from $50 to $52 Q1 "beat and raise."
The firm comments, "We continue to believe CVS is one of the best places for new money, as its business appears to be hitting on all cylinders, in part due to its own improving execution, but also due to its competitors ceding business. With this situation likely to continue and with CVS Caremark's advantaged business model, we continue to believe earnings can go higher and so too can the stock."
Q2 EPS goes from $0.74 to $0.79, FY12 from $3.24 to $3.31 and FY13 from $3.55 to $3.71.
For an analyst ratings summary and ratings history on CVS Caremark click here. For more ratings news on CVS Caremark click here.
Shares of CVS Caremark closed at $45.92 yesterday.
The firm comments, "We continue to believe CVS is one of the best places for new money, as its business appears to be hitting on all cylinders, in part due to its own improving execution, but also due to its competitors ceding business. With this situation likely to continue and with CVS Caremark's advantaged business model, we continue to believe earnings can go higher and so too can the stock."
Q2 EPS goes from $0.74 to $0.79, FY12 from $3.24 to $3.31 and FY13 from $3.55 to $3.71.
For an analyst ratings summary and ratings history on CVS Caremark click here. For more ratings news on CVS Caremark click here.
Shares of CVS Caremark closed at $45.92 yesterday.
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