Argus Research Upgrades CVS Caremark to "Buy" (CVS)

Argus Research Upgrades CVS Caremark to “Buy” (CVS)

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Drug store chain CVS Caremark Corporation (CVS) was upgraded by analysts at Argus Research on Wednesday.

The analysts upgraded CVS to “Buy” and see shares reaching $64, up from the previous target of $58. This new target suggests an 11% upside to Tuesday’s closing price of $57.63.

CVS shares were down 27 cents, or -0.47%, during morning trading on Wednesday. The stock is up +18.8% year-to-date.

The Bottom Line
Shares of CVS Caremark Corporation (CVS) have a dividend yield of 1.57% based on Wednesday’s intraday trading price of $57.41 and the company’s annualized dividend payout of 90 cents per share.

CVS Caremark Corporation (CVS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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