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Jim Cramer: CVS Needs to Shed Its Image as a Health Care Stock

CVS needs to change its image to move ahead, says TheStreet's Jim Cramer.
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CVS Health (CVS) - Get CVS Health Corporation Report needs to shed its image as a health care stock to move ahead, said TheStreet's Jim Cramer. The pharmacy and retailer is slated to report 2016 third-quarter results before Tuesday's opening bell. Wall Street is expecting earnings and revenue to rise year over year during the quarter. Analysts surveyed by FactSet are looking for adjusted earnings of $1.57 per share on revenue of $45.3 billion. During the same period in 2015, Woonsocket, R.I.-based CVS posted adjusted earnings of $1.28 per share on revenue of $38.6 billion. Additionally, CVS announced yesterday that it's planning to cut 600 corporate jobs in Rhode Island, Illinois and Arizona over the next two months.

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