Thursday's analyst calls feature upgrades to discount retailers TJX and Burlington and used car outlet Carvana, while there was more bad news for CVS Health following a tough earnings report Wednesday. UBS said it likes the outlook for the off-price stores as consumers hunt for better value. With CVS, the company's earnings miss and pullback in outlook mean trouble for a healthcare chain that needs a "reset," according to UBS.
6% higher from Wednesday's close price. "Our lack of conviction is not due to a lack of confidence in process. … Our issue is that there were more parts of the business that required a reset, and a fix is not as simple as 'cut benefits and reprice' and margins will improve," Caliendo wrote in a Wednesday note. "Membership loss contributed to a mix issue that led to failures to guaranteed savings in the PBM, something we rarely see.
Stock Markets TJX Companies Inc Burlington Stores Inc CVS Health Corp Carvana Co Business News
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