Tuesday, February 01, 2011 12:37:22 PM
J.P. Morgan is out with its report on CVS Caremark (NYSE: CVS), reiterating Overweight in anticipation of CVS reporting Q4 10 results this Thursday.
In a note to clients, J.P. Morgan writes, "Overall, we believe CVS Caremark could deliver 4Q10 EPS at or above expectations, driven by potential upside in retail pharmacy comps coupled with the positive impact of increased generic utilization. On the guidance front, we believe expectations are low, and an initially conservative adjusted EPS range of $2.75-$2.85 should be well-received. Our revenue estimate of $24.95B (-3.4% y/y) is slightly below Bloomberg consensus of $24.96B. We forecast adjusted EPS of $0.79 (+0.6% y/y), in line with Bloomberg consensus. Recall that the company guided to 4Q10 adjusted EPS of $0.78-$0.80."
J.P. Morgan has a $45 PT on CVS.
Read more: http://www.benzinga.com/analyst-ratings/analyst-color/11/02/824029/j-p-morgan-reiterates-overweight-on-cvs-caremark-cvs#ixzz1CjJYmmGf
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- CVS Health to hold first quarter 2024 earnings conference call • PR Newswire (US) • 04/01/2024 01:00:00 PM
- CVS Health® invests more than $3M in organizations improving health outcomes in Phoenix • PR Newswire (US) • 03/27/2024 06:00:00 PM
- CVS Health announces quarterly dividend • PR Newswire (US) • 03/21/2024 02:55:00 PM
- AM Best Affirms Credit Ratings of Most of CVS Health Corporation’s Aetna Inc. Subsidiaries; Withdraws Credit Ratings of Members of Texas Health Aetna • Business Wire • 03/13/2024 09:03:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 11:09:28 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 10:21:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 10:20:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 10:18:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 09:37:48 PM
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- CVS Health to participate at the 45nd Annual Raymond James Institutional Investors Conference • PR Newswire (US) • 02/21/2024 02:00:00 PM
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