CVS Health Has Become A Strong GARP Pick (Rating Upgrade)

  • This article upgrades my rating on CVS Health to 'Buy' as recent negative industry headlines have pressured its valuation. These negatives are fully priced in already, creating a strong GARP (growth at a reasonable price) opportunity. Despite margin pressures, robust EPS growth is projected at double-digit rates. Yet, the forward P/E is just 10x.