S&P Names CVS Drug Store of Choice

New York City Standard & Poor's has named CVS the drug store of choice, citing the chain's growth opportunities in retail and pharmacy benefit management. As reported in BusinessWeek, S&P said that it believes CVS Caremark is "well positioned for market-share gains, following the acquisition of Caremark Rx in March 2007, and the continued turnaround of recent drug store acquisitions."

S&P also said that it has a positive outlook on the future of the U.S. drug store industry, as an aging population will mean an increase in demand for prescription medications.