Wall Street Analysts Are Bullish On CVS, But Mr. Market Is Skeptical
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Many people think about CVS as a retail pharmacy chain, but CVS Health Corporation (CVS) is far more than that. Through the acquisition of Aetna in late 2018, CVS is now one of the largest providers of health insurance in the U.S. CVS is a unique health services provider that provides on-site care in walk-in clinics, pharmacies, and insurance.
At a forward P/E of 9.85, the stock is quite cheap relative to the near-term outlook for earnings. The 2.7% dividend…