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S&P says shares of CVS are undervalued.      5-Nov-09 11:54 pm    
S&P DOWNGRADES OPINION ON SHARES OF CVS CAREMARK CORP TO BUY FROM STRONG BUY

(Standard & Poor's)
CVS reports Q3 operating EPS of $0.65 vs. $0.60, $0.01 above our estimate. Due to a loss of more pharmacy benefit management (PBM) business than the company previously expected, and renegotiation of client contracts, CVS expects PBM profitability to decline 10%-12% in 2010. As a result, we are reducing our 2010 EPS estimate $0.33 to $2.67 and our 12-month target price $8 to $33, based on our comparative and P/E analysis. However, based on continued market share gains we see in retail pharmacy business and current valuation, we believe shares are undervalued.

http://research.tdameritrade.com/public/...


Sentiment : Strong Buy
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  Subject Author Rating Time of Post (ET)  
 
S&P says shares of CVS are undervalued.
cash_tsunam... (1 Rating) 5-Nov-09 11:54 pm  
 
$60 in two years
jeffnaper84 Rate it 6-Nov-09 02:03 am  
 
Wells Fargo keeps "outperform" on CVS Good...
cash_tsunam... (1 Rating) 8-Nov-09 10:23 am  
 
"we believe shares are undervalued." I agree...
cash_tsunam... Rate it 6-Nov-09 09:28 am  
 
Note also that they downgraded it and cut the targ...
loufah2 Rate it 6-Nov-09 10:04 am  
 
Note they downgraded it from a "strong buy" t...
cash_tsunam... Rate it 6-Nov-09 10:45 am  
 
Note they downgraded it from a "strong b...
cash_tsunam... Rate it 9-Nov-09 10:01 am  
 
"based on our comparative and P/E analysis. Howeve...
juliejuveni... Rate it 7-Nov-09 01:01 pm  
 
forgot to add this part. "As a result, we...
juliejuveni... Rate it 7-Nov-09 01:22 pm  
 
Nice call S&P only about a week off on the call.
artofcashin Rate it 9-Nov-09 06:26 am  
 
S&P blew it during the dot com bust and is still b...
c1smittycc Rate it 9-Nov-09 09:10 am  
 
S&P DOWNGRADES OPINION ON SHARES OF CVS CAREMARK C...
cash_tsunam... Rate it 16-Nov-09 05:05 pm  
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CVS Caremark Corporation (CVS)

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At 3:08PM ET: 32.68 Up 0.03 (0.09%)
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