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Fly News Breaks for January 6, 2017
RAD, WBA
Jan 6, 2017 | 09:42 EDT
Leerink analyst David Larsen says he is "slightly more cautious" on shares of Walgreens Boots Alliance (WBA) following Q1 results. Nonetheless, the analyst reiterates an Outperform rating and $90 price target on the shares, mainly due to the fact that all of the new volumes from recent deals will start flowing through to Walgreens Boots Alliance next quarter and as he thinks that there may be a modest rally in Walgreens Boots Alliance if and when the Rite Aid (RAD) deal actually closes given the latter's stock price.
News For WBA;RAD From the Last 2 Days
