Downgraded by one Institution to hold with a price target of $62, that would be over a 7% gain just from this analysis. Then you have the upgrades with price targets at $70 and above. It’s a win, win situation here. They
are creating a buying opportunity. And just think CVS will be buying billions of dollars of their own stock back by years end.
I am looking to add to my CVS position. I like to purchase at the 200dma but CVS has not touched its 200 day this year. Any thoughts on a good entry point during this quick correction? I am thinking I will start buying at $58.