CVS Health Stock Bounces on Company Updates

Shares of CVS Health Corp (NYSE:CVS) are 3.9% higher to trade at $65.40 at last glance, after several updates for the healthcare giant. According to reports, CVS' insurance unit is facing higher-than-usual medical costs and other major issues. In response, the company is conducting a strategic review, and considering shifting from its long-held business strategy by splitting its retail pharmacy and insurance units. Amid this big news, TD Cowen upgraded CVS Health stock to "buy" from "hold" and hiked its tar ...