This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
NEW YORK (
TheStreet) -- Shares of
CVS Caremark(CVS - Get Report),
Medco Health Solutions(MHS) and
Mattel(MAT - Get Report) hit 52-week highs on Friday.
Each of the stocks received a buy rating from
The drugstore chain may be considering a bid for
Cigna's(CI) pharmacy benefit management division, according to
Bloomberg, which cited Leerink Swann analyst David Larsen.
Shares of CVS Caremark hit a 52-week high on Friday of $45.54. The stock's 52-week low of $31.30 was set on Aug. 9.
CVS Caremark has an estimated price-to-earnings ratio for next year of 12.34; the average for drug retailers is 12.32. For comparison,
Walgreen(WAG) has a lower forward P/E of 11.44.
Twenty-two of the 26 analysts who cover CVS Caremark rated it buy. Three analysts gave the stock a hold rating and one rated it sell.
TheStreet Ratings gives CVS Caremark an A+ grade with a buy rating and a
$58.18 price target. The stock has risen 11.67% year to date.