CVS Health Corp

CVS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$72.00	Xwhzvh	Ydnnltlw

CVS Adding Home Health and Value-Based Care Capabilities With Signify Deal; Shares Undervalued

Julie Utterback

Sep 6, 2022

Narrow-moat CVS Health announced the $8 billion acquisition of Signify Health, which we view as the first step in its acquisition strategy within care delivery. While we appreciate the benefits expected from the Signify acquisition, it does not change our view of the firm's moat or our $113 fair value estimate. CVS shares remain mildly undervalued.

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