BUZZ-Mizuho Securities raises PT on CVS Health to $95

Reuters12-11
BUZZ-Mizuho Securities raises PT on CVS Health to $95

** Mizuho Securities raises PT on U.S. health solutions company CVS Health CVS.N to $95 from $88

** New PT represents a 21.4% upside to the stock's last close

** Brokerage cites better retail earnings outlook and ongoing margin recovery at co's insurance unit

** On Tuesday, CVS raised its long‑term earnings forecast for the retail segment from mid‑single‑digit declines to at least flat, which brokerage sees as a key driver for multiple expansion

** CVS also said insurance unit Aetna's margin recovery is on track, helped by 2026 Medicare Advantage repricing and benefit changes, and its planned exit from the individual health exchange business

** 23 of 29 brokerages rate the stock "buy" or higher, 6 "hold"; median PT is $95 — data compiled by LSEG

** As of last close, CVS up 74.3% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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