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WBA

Walgreens Boots Alliance

$76.95

1.12 (1.48%)

07:14
10/06/17
10/06
07:14
10/06/17
07:14

Walgreens downgraded to Equal Weight from Overweight at Morgan Stanley

As previously reported, Morgan Stanley analyst Ricky Goldwasser downgraded Walgreens Boots Alliance to Equal Weight from Overweight, as he expects the company's guidance to come in below consensus estimates when it is provided later this month. The key drivers he cites are recent Part D preferred network exclusions, as well as reimbursement cuts in the U.K. and reimbursement pressure in the U.S. Goldwasser, who notes the company's growth is slowing, cut his price target on Walgreens shares to $85 from $95.

  • 25

    Oct

  • 06

    Nov

WBA Walgreens Boots Alliance
$76.95

1.12 (1.48%)

09/27/17
RAJA
09/27/17
DOWNGRADE
RAJA
Market Perform
Walgreens Boots Alliance downgraded to Market Perform at Raymond James
Raymond James analyst John Ransom downgraded Walgreens Boots Alliance to Market Perform from Outperform. The analyst said Walgreens' premium valuation is not warranted and prefers Outperform rated CVS (CVS) given challenging relative comps, a weakening industry backdrop with flat FE sales and moderating Rx trends, modest accretion from the Rite Aid (RAD) acquisition, lack of further cost cutting actions, slightly larger exposure to Puerto Rico and Florida, and UK exposure, among other reasons.
09/27/17
09/27/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Walgreens Boots Alliance (WBA) downgraded to Market Perform at Raymond James with analyst John Ransom saying Walgreens' premium valuation is not warranted and prefers Outperform rated CVS (CVS) given challenging relative comps, a weakening industry backdrop with flat FE sales and moderating Rx trends, modest accretion from the Rite Aid (RAD) acquisition, lack of further cost cutting actions, slightly larger exposure to Puerto Rico and Florida, and UK exposure, among other reasons. 2. trivago (TRVG) downgraded to Neutral from Overweight at JPMorgan with analyst Doug Anmuth saying the shares could be range-bound for a longer period of time as the company works through bidding adjustments from large advertisers like Priceline (PCLN) and rolls out its performance attribution model. 3. Tile Shop (TTS) downgraded to Neutral from Overweight at Piper Jaffray analyst Peter Keith citing concerns of another comp and earnings miss for third quarter as well as potential for a full year guide-down. 4. Intuit (INTU) downgraded to Underperform from Market Perform at Raymond James with analyst Wayne Johnson citing concerns the tax business is becoming more challenging to grow and maintaining 60% operating margin will be difficult. 5. Kornit Digital (KRNT) downgraded to Neutral from Buy at Citi with analyst Kenneth Wong saying customer delays worsened after the company announced preliminary revenue well below its previous guidance range. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/02/17
JEFF
10/02/17
NO CHANGE
Target $95
JEFF
Buy
Walgreens growth from Rite Aid stores not priced in, says Jefferies
Jefferies analyst Brian Tanquilut says he remains positive on Walgreens Boots Alliance (WBA) given his expectation for sustained double-digit earnings growth over the next few years. The acquisition of Rite Aid (RAD) stores will yield incremental earnings growth in the next few years that's not yet priced into the stock, Tanquilut tells investors in a research note. He believes that while Amazon (AMZN) risk to front-end pharmaceutical sales "is real," Walgreens has done better than peers in "weathering the storm." The analyst has a Buy rating on the shares with a $95 price target.
10/06/17
MSCO
10/06/17
DOWNGRADE
MSCO
Equal Weight
Walgreens Boots Alliance downgraded to Equal Weight at Morgan Stanley

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STZ

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MOH

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ORI

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MTN

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  • 08

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SVU

Supervalu

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$NSD

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INTC

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0.09 (0.23%)

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NVDA

Nvidia

$197.93

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SFTBF

SoftBank

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0.9 (1.01%)

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ORI

Old Republic

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NAVI

Navient

$11.73

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UNP

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PACW

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$48.09

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MOH

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CNC

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DE

Deere

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XLF

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AMZN

Amazon.com

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3.4 (0.34%)

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WMT

Wal-Mart

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FB

Facebook

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EEM

MSCI Emerging Markets Index

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-0.2011 (-0.43%)

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HUM

Humana

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