With an annual dividend yield of 2.84%, CVS Health Corporation (NYSE:CVS) is included among the 12 Best Dividend Stocks to Invest in According to Hedge Funds.
America’s leading health solutions company, CVS Health Corporation (NYSE:CVS) provides advanced health care from pharmacy services and health plans to health and wellness
On May 20, Mizuho bumped up its price target on CVS Health Corporation (NYSE:CVS) from $102 to $110, while maintaining an ‘Outperform’ rating on the shares. The target boost represents an upside of over 17% from the current share price. Mizuho believes that the managed care group delivered strong results in the recent Q1 earnings season.
The firm boosted its target on CVS due to the lower risk of negative medical loss ratio changes through the end of this year. Similarly, earlier on May 8, Wells Fargo also raised its price target on CVS Health Corporation (NYSE:CVS) by $1 and kept an ‘Overweight’ rating on the shares ( details here). The positive analyst attention comes after CVS delivered better-than-expected results for its Q1 on May 6.