CVS Deal a Boost for Target’s Credit

CVS Health (CVS) said Monday it would buy Target’s (TGT) in-store pharmacies, which it will operate and rebrand. The $1.9 billion deal will add 1,660 locations to CVS’ current 7,800 drugstores and increase its presence in key Western cities including Denver, Seattle and Portland. (For more on the deal, see the Barron’s Take, “CVS Hits Bulls-Eye With Target [...]