CVS Health Corporation (NYSE:CVS) is one of the best medical stocks to invest in according to billionaires. Morgan Stanley lifted the price target on CVS Health Corporation (NYSE:CVS) to $106 from $93 on May 14, maintaining an Overweight rating on the shares. CVS Health Corporation also received a rating update from Bernstein on May 13, with the firm lifting the price target on the stock to $106 from $94 and reiterating an Outperform rating on the shares.
The firm stated that it is continuing to see the company as having an attractive exposure to the Medicare Advantage turnaround, as well as potential for more stable earnings in its pharmacy and pharmacy benefit manager businesses post-PBM reform. It added that with the PBM bill and the first Federal Trade Commission settlement earlier this year, the firm considers the PBM reform as largely complete and a clearing event, driving less uncertainty around CVS Health Corporation’s turnaround.
CVS Health Corporation is a health solutions company that operates in four segments: healthcare benefits, health services, pharmacy & consumer wellness, and corporate/other.
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