Bret Jensen, chief investment strategist for Simplified Asset Management, cites three catalysts that he believes should drive CVS Caremark stock higher. Take special note of number three.
- The public fight with Walgreens concluded with an agreement that should not affect other negotiations with PBM customers
- This defensive play should hold up well if/when economic growth decelerates which is highly likely
- The New CEO is not tied to the PBM business which could mean spinoff or divestiture if division continues to hold back rest of company at some point in the future
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