SUPERNEWS - NYSE:CVS (CVS Health Corporation) Stock Price, News, Quote, History

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CVS Lowers Forecast to $7/Share Amid Soaring Medicare Costs

CVS Health Corp Launches Bond Sale Amid Disappointing Quarterly Report

CVS launches bond sale estimated between $4$5 billion amid healthcare cost challenges and tight investment-grade market conditions.

5/7, 12:57 EDT

Citi, BofA, Goldman Bullish on Tech & Retail, CVS Faces Downgrade

Wall Street's Tuesday calls boost Target, Gap, and Nvidia; spotlight on AI, retail momentum, and market trends.

5/7, 09:25 EDT

UBS Upgrades TJX, Burlington; CVS Faces Tough Outlook

Analyst upgrades boost TJX and Burlington, Carvana sees turnaround optimism, while CVS faces downgrade after earnings miss.

5/2, 06:43 EDT

Pharmacy Giant Rethinks Retail, CVS to Exit Hundreds of Targets

<img src="https://cdn.tickerbell.ai/article/img/ad93457fbb8c-4e5e-9235-81f88b1ae98f.png" alt="article-main-img" class="article-img" /> ## Key Takeaway ``` - CVS plans to close pharmacies inside some Target stores as part of its strategy to reduce its retail footprint, affecting a small percentage of the 1,800 pharmacies it operates within Target's locations. ``` ## CVS to Close Pharmacies Inside Target Stores - CVS plans to close around 300 pharmacies inside Target stores between February and April this year. - The closures are part of CVS’s strategy to reduce its retail footprint based on changes in population, consumer buying patterns, and future health needs. - Last year, CVS announced it would cut costs and jobs as it transitions into a healthcare-service company. ## Struggles in the Pharmacy Industry - Pharmacy chains have faced challenges in boosting profits due to drug pricing pressures and lower foot traffic post-pandemic. - Earlier this month, CVS revealed plans to close around 900 stores, or about 10% of its U.S. locations, between 2022 and 2024. It had already closed about 600 locations by the end of last year. ## Impact on Employees and Customers - Employees affected by the closures will be offered other roles within the company. - Customers’ prescriptions at closing locations will be transferred to other CVS pharmacies for continuity of service. ## STREET VIEWS <div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.wsj.com/business/retail/cvs-is-closing-pharmacies-inside-some-target-stores-22db5445" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [1]  </div> <span> CVS is Closing Pharmacies Inside Some Target Stores    </span> <span class="MuiTouchRipple-root"></span> </a> </div><div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.bloomberg.com/news/articles/2024-01-11/citigroup-c-earnings-preview-fraser-starts-year-of-cuts-restructuring" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [2]  </div> <span> Citigroup’s Jane Fraser Embarks on Another Pivotal Year of Bank Cuts    </span> <span class="MuiTouchRipple-root"></span> </a> </div><div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.wsj.com/business/layoffs-list-the-companies-cutting-jobs-in-2024-6acb4e95" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [3]  </div> <span> The Companies Cutting Jobs in 2024: Here’s the List    </span> <span class="MuiTouchRipple-root"></span> </a> </div>

1/11, 15:13 EST

CVS Lowers Forecast to $7/Share Amid Soaring Medicare Costs

5/1, 07:04 EDT

CVS Health Corp Launches Bond Sale Amid Disappointing Quarterly Report

5/7, 12:57 EDT

Citi, BofA, Goldman Bullish on Tech & Retail, CVS Faces Downgrade

5/7, 09:25 EDT

CVS News

Meme Stocks Surge 74%, S&P 500 Nears High Amid Market Rally

9 hours ago

Expedia, Ulta Among 7 Oversold Stocks Poised for Rebound

5/10, 20:53 EDT

$64B Debt Issued in 72Hrs: Record Rush Amid Rate Uncertainty

5/9, 11:40 EDT

$34B Bond Rush: Coca-Cola, CVS Lead Post-Labor Day Surge

5/8, 09:49 EDT

CVS Health Corp Launches Bond Sale Amid Disappointing Quarterly Report

5/7, 12:57 EDT

Goldman Ups Nvidia Target, Vale Gets UBS Nod

5/7, 09:26 EDT

Citi, BofA, Goldman Bullish on Tech & Retail, CVS Faces Downgrade

5/7, 09:25 EDT

Big Stocks like Intel Show Death Cross, Signal Bearish Trend

5/3, 13:03 EDT

Tesla Buy Rating, Carvana Surges, TJX Upgraded

5/2, 08:33 EDT

UBS Upgrades TJX, Burlington; CVS Faces Tough Outlook

5/2, 06:43 EDT

Walmart Shuts Health Centers Amid $4.5Tn Market Struggle

5/2, 00:17 EDT

Dow Up 200 After Fed Holds; Pfizer Beats with $14.9B Sales

5/1, 14:46 EDT

Intraday: Mixed Earnings Stir S&P and Nasdaq; Dow Edges Up

5/1, 13:59 EDT

Fed Rate Decision Could Swing Tesla, Carnival Stocks

5/1, 12:16 EDT

S&P 500, Nasdaq-100 Face >5% Drop, 'Bear Flag' Alert by Wolfe

5/1, 11:28 EDT

Intraday: Fed Watch: Stocks Swing Wildly Ahead of Rate Decision

5/1, 10:41 EDT

Pre-Market: Mixed Earnings Stir Market: AXTA, PFE Up, CVS, SWKS Down

5/1, 09:07 EDT

AI Disappointments Dampen Tech Optimism, Fed Watch Looms

5/1, 08:13 EDT

Pre-Market: Mixed Earnings Stir Market: S&P, Nasdaq Futures Dip

5/1, 07:55 EDT

CVS Lowers Forecast to $7/Share Amid Soaring Medicare Costs

5/1, 07:04 EDT

Cox: Buy Health Stocks Now, Eyes on Novo & Novartis Growth

4/23, 12:21 EDT

Retailers Reevaluate Strategies Amidst Retail Theft Concerns

4/3, 00:09 EDT

After-Market: Medicare Rates Shake Healthcare Stocks, Apparel Suffers

4/1, 17:11 EDT

Amazon Pharmacy Partners with Eli Lilly to Enhance Medication Access

3/13, 08:56 EDT

Unlocking Market Outperformance: The Power of Dividend Growth and Free Cash Flow

3/6, 14:49 EST

Michael Burry's Scion Asset Management Makes Strategic Moves in Tech and Healthcare Sectors

2/14, 13:41 EST

US Stocks Climb Despite Mixed Earnings Landscape

2/7, 13:58 EST

CVS Health Revises 2024 Earnings Forecast Amid Rising Medical Costs

2/7, 08:28 EST

Premarket Trading: Snap Plummets, Alibaba Volatile, Chipotle and Ford Strong

2/7, 08:19 EST

CVS Health Reports Mixed Fourth-Quarter Results Amid Adjusted Full-Year Outlook

2/7, 07:32 EST

Wall Street Views

JP Morgan

Marko Kolanovic, 5/14/24

Bullish on

AMC

CVS

INTC

“The market is settling back into the soft landing narrative after softer US jobs data and dovish guidance from the Fed, ECB and BoE.”

Carson Group

Ryan Detrick, 5/14/24

Bullish on

AMC

CVS

INTC

“That flush we had — that minor 5.5% minor pullback we had last month — that was enough and now we’re back to the bull market.”

Aquila Investment Management

David Schiffman, 5/9/24

Neutral on

BAC

CVS

HAS

“In terms of volatility in the market, there’s still a lot of uncertainty not just related to what the Fed may or not do. There’s a lot going on overseas with geopolitical risk. Issuers may be concerned about that as well.”

Bank of America Corp

Murad Khaled, 5/9/24

Cautiously Optimistic on

BAC

CVS

HAS

“There is an emerging confidence in the market around the sectors and credits which are better positioned to deal with higher-for-longer, because investors now have 18 months of performance data within a generationally high rate environment to work with.”

Trilliant Health

Hal Andrews, 5/2/24

Neutral on

AMZN

CVS

UNH

“Their thin margins are similar to that of grocery stores.”