Where Will CVS Health Be in 5 Years?
Only five years ago, investors were bidding up shares of CVS Health (NYSE: CVS) as the company took over Target's (NYSE: TGT) pharmacy business and acquired a business that provided pharmacy services for long-term care facilities. The stock now sits 36% below those 2015 highs, and disappointed shareholders are wondering where the company might be five years from now.
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In 2014, the company changed its name from CVS Caremark -- which reflected its 2007 acquisition of pharmacy benefits manager Caremark -- to CVS Health. The change was more than symbolic. It also decided to stop selling tobacco products in its stores because doing so conflicted with its expanding mission, grew the number of MinuteClinics to 1,100 nationwide, and acquired health insurer Aetna.
Source Fool.com
