Morgan Stanley raised the firm’s price target on CVS Health (CVS) to $93 from $89 and keeps an Overweight rating on the shares. Guidance for a mid-teens 2026-28 EPS compound annual growth rate was “well received” and “nicely ahead” of the prior 6% floor, while 2026 guidance was issued in-line with prior commentary with added detail, the analyst says following the company’s investor day. The event leaves the firm with increased conviction in the earnings power and trajectory of the business, the analyst added.
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