Mizuho Securities Reiterates Buy Rating on CVS Health (CVS) Following 3Q EPS Beat
Mizuho Securities analyst Ann Hynes reiterated a Buy rating and $71.00 price target on CVS Health (NYSE: CVS) following the company's 3Q earnings report. CVS reported 3Q:19 EPS of $1.84, above consensus of $1.76. Adjusted operating profit was $3.947bn versus consensus at $3.89bn.
The tone of the conference call was positive. CVS reiterated its 2020 adjusted EPS growth of low-single digits or EPS of at least $7.00. This estimate excludes any benefit from prior period development in the health care benefits segment.
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Shares of CVS Health closed at $71.05 yesterday.