CVS Analyst Day This Friday, 10/8

JP Morgan has published a research report for CVS Caremark Corporation CVS in anticipation of the company's Analyst Day this Friday, October 8. In the report, JP Morgan writes "We don't believe the Walgreen Company WAG dispute materially impacted the selling season, and that the company could report $1 billion in 2011 net new business. We look for incremental commentary on the Aetna AET agreement, which we believe served as a key validator of the integrated model. In addition, we expect the company to focus on its strong clinical offering, as well as Maintenance Choice and Pharmacy Advisor. We also look for incremental detail on plans to streamline the PBM operations. Taking this into account, we believe the PBM segment should return to high single/low double digit operating profit growth in 2011." JP Morgan maintains its Overweight rating but has raised the price target from $39 to $44. CVS Caremark closed yesterday at $31.43.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: Analyst ColorEarningsPrice TargetAnalyst RatingsAetnaConsumer StaplesCVSDrug RetailHealth CareJP MorganManaged Health Carewalgreen
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!