Reported 2 months ago
CVS Health has reported mixed earnings for the second quarter, primarily driven by challenges in its Aetna insurance division. Analyst Brian Tanquilut from Jefferies Healthcare Services points out that CVS is seeing higher healthcare utilization trends, but the insurance side remains a concern. He emphasizes the importance of improving the insurance business for stock price appreciation. With a new leadership strategy for Aetna and a $2 billion cost-cutting plan, Tanquilut believes that CVS now has a solid blueprint for recovery, contingent on effective execution.
Source: YAHOO