CVS Health to lay off nearly 2,900 employees in cost-cutting push

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Go back to CVS Health to lay off nearly 2,900 employees in cost-cutting push

Morgan Stanley Reiterates Overweight Rating on CVS Health (CVS)

October 2, 2024 6:56 AM EDT

Morgan Stanley analyst Erin Wright reiterated an Overweight rating and $65.00 price target on CVS Health (NYSE: CVS).

The analyst comments "Latest Hypothetical SOTP Suggests Upside, But Variables Remain: In light of a recent Reuters report (here) noting that the CVS Board may be considering potential options to break up CVS retail and insurance businesses, we detail our latest SOTP analysis, including key assumptions below. CVS declined to... More