CVS Health Corporation
Why it moved today
CVS fell 2.10% following a price target cut to $104 from $116 by Deutsche Bank, increasing valuation concerns.
CVS Price Trend
Data source: Yahoo Finance
High
$90.13
Low
$84.45
Change
+5.37%
Deutsche Bank reduced its price target on the stock to $104 from $116.
For informational purposes only. Not investment advice.
A factual summary of how strongly today's price move is backed by trend, momentum, volume, and news - not a rating of the stock, a buy or sell signal, or a forecast. A sharp fall can score as high as a sharp rise. See the methodology.
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CVS Health Corporation (CVS) lost 0.49% today, trading at $89.35 on the NYSE/NASDAQ. CVS fell 2.10% following a price target cut to $104 from $116 by Deutsche Bank, increasing valuation concerns. Key support sits at $84.45 with resistance near $89.85.
Deutsche Bank reduced its price target on the stock to $104 from $116.
Lower analyst price targets reduce institutional valuation models, triggering immediate profit-taking and selling pressure despite an intraday partial recovery.
S&P 500 declined 0.67% and the stock suffered a 5.8% gap down at the open.
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