12 Best Stocks to Buy and Hold For 10 Years

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9. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund Holders: 74

CVS Health Corporation (NYSE:CVS) is a leading health solutions company. It owns a number of brands including CVS Pharmacy, a retail pharmacy chain, CVS Caremark, a pharmacy benefits manager, and Aetna, a health insurance provider. CVS Health Corporation (NYSE:CVS) ranks among the best stocks to buy and hold for the next 10 years.

On April 24, Leerink Partners’ analyst Michael Cherny maintained a “Buy” rating on CVS Health Corporation (NYSE:CVS) and increased the price target from $75 to $79. He believes that the company is well-positioned to grow in the future and regain its earnings power over the next few years. CVS Health Corporation’s (NYSE:CVS) management is confident about meeting or beating their guidance for fiscal year 2025. This positive outlook is supported by improvements in Aetna’s performance due to product and geographic changes that are expected to improve margins. The Pharmacy Benefit Management (PBM) segment is also expected to maintain its positive growth trajectory because of the strong demand for specialty drugs. Although CVS Health Corporation (NYSE:CVS) is facing some challenges like higher utilization and macroeconomic pressures, the company is capable of tackling these issues effectively. Cherny sees potential for CVS to go up over the medium and long term as the new management team continues to deliver on expectations.

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