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Walgreen Co. Message Board

  • wall_st_knight_mare wall_st_knight_mare Dec 14, 2012 2:45 PM Flag

    Shares of CVS Caremark Corp. continued climbing Friday

    a day after it delivered a 2013 forecast and announced a dividend increase that left analysts raving about growth prospects for the drugstore chain and pharmacy benefits manager.

    THE ANALYSIS: The company "lit up the room" at its investor day presentation with a bright outlook and plans to create more value for shareholders, BMO Capital analyst Dave Shove said in a research note, referring to the share repurchase plan and dividend increase.

    Credit Suisse analyst Edward J. Kelly raised his price target on the stock to $55 from $50. He wrote in separate research note that the company's 2013 guidance was surprising, and it fueled a story that looked like it was "running out of gas in 2013."

 
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61.07-0.93(-1.50%)Aug 21 4:01 PMEDT

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