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CVS Health (CVS) PT Lowered to $84 at RBC Capital on Amazon Effect

June 29, 2018 7:10 AM EDT

RBC Capital lowered its price target on CVS Health (NYSE: CVS) to $84.00 (from $91.00) while maintaining an Outperform rating to reflect Amazon's entrance into the pharmacy space.

"We acknowledge that Amazon has disrupted industries in the past, but believe that the stickiness of payer/ pharmacy... More