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WBA - CVS Health: Secure Dividend And Upside Potential Presents Compelling Opportunity

2024-05-15 14:00:00 ET

Summary

  • CVS Health's recent earnings miss and revised guidance caused a steep sell-off in the stock, which now may present a buying opportunity for long-term investors.
  • Despite the miss, the company saw positive growth in total revenues and medical memberships during the quarter.
  • The decline in cash from operations puts the dividend safety under some pressure, but it remains secure with projected cash from operations of $10.5 billion.
  • CVS offers investors double-digit upside to my price target of $76, slightly above Wall Street's price target of $71.

Investment Thesis

For further details see:

CVS Health: Secure Dividend And Upside Potential Presents Compelling Opportunity
Stock Information

Company Name: Walgreens Boots Alliance Inc.
Stock Symbol: WBA
Market: NASDAQ
Website: walgreensbootsalliance.com

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