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WBA

Walgreens Boots Alliance

$63.73

0.42 (0.66%)

06:20
07/10/18
07/10
06:20
07/10/18
06:20

Walgreens Boots Alliance downgraded to In Line from Outperform at Evercore ISI

WBA Walgreens Boots Alliance
$63.73

0.42 (0.66%)

07/09/18
07/09/18
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. Procter & Gamble (PG) downgraded to Hold from Buy at Jefferies with analyst Kevin Grundy saying slowing market growth, volatility in emerging markets, U.S. retail difficulties, the stronger U.S. dollar and "pricing challenges" should drive estimates lower. 2. SeaWorld (SEAS) and Six Flags (SIX) were downgraded to Market Perform from Outperform at Wells Fargo. 3. Walgreens Boots Alliance (WBA) downgraded to Neutral from Buy at Citi with analyst Ralph Giacobbe saying he finds it difficult to argue for "meaningful multiple expansion" given headwinds from industry pressures and a dynamic and changing backdrop. 4. Flowers Foods (FLO) downgraded to Hold from Buy at Vertical Group. 5. Wayfair (W) downgraded to Market Perform from Outperform with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/09/18
SBSH
07/09/18
DOWNGRADE
Target $69
SBSH
Neutral
Walgreens Boots Alliance downgraded to Neutral from Buy at Citi
Citi analyst Ralph Giacobbe downgraded Walgreens Boots Alliance (WBA) to Neutral after assuming coverage of the name. The analyst lowered his price target for the shares to $69 from $76. The analyst finds it difficult to argue for "meaningful multiple expansion" given headwinds from industry pressures and a dynamic and changing backdrop. Further, Amazon's (AMZN) recent acquisition of PillPack reignites "further competitive fears," Giacobbe tells investors in a research note.
07/02/18
LEHM
07/02/18
NO CHANGE
LEHM
Equal Weight
Express Scripts most exposed to mail order market disruption, says Barclays
Barclays analyst Steve Valiquette believes Express Scripts (ESRX) is most exposed to Amazon's (AMZN) acquisition of PillPack. The analyst estimates Express Scripts has 35%-40% share of the U.S. prescription mail order market. The mail order prescription market is the most immediate area for possible disruption from Amazon/PillPack given the nature of PillPack's business and Amazon's existing mail-order logistical infrastructure, Valiquette tells investors in a research note. The analyst assumes PillPack captures 1% share of the U.S. mail-order Rx market in 2019, and improves its market share further by 1% each year afterwards. Valiquette calculates a "hypothetical" 13c negative earnings per share impact for Express Scripts in 2019. He believes the negative earnings impact could reach 45c by 2021, but thinks Express Scripts could undertake expense cuts to offset some of this. For Walgreens Boots Alliance (WBA), the analyst calculates a negative earnings per share impact of 15c in 2020, or 2% of his current estimate assuming no additional cost-cutting. Valiquette has Equal Weight ratings on both Express Scripts and Walgreens.
07/02/18
MZHO
07/02/18
DOWNGRADE
Target $64
MZHO
Neutral
Walgreens Boots Alliance downgraded to Neutral from Buy at Mizuho
Mizuho analyst Ann Hynes downgraded Walgreens Boots Alliance (WBA) to Neutral with a reduced price target of $64. Shares of Walgreens are unlikely to outperform given the new competitive threat of Amazon (AMZN), a lack of revenue diversification and lack of a clear strategy on how the company will compete in a consolidating industry, Hynes tells investors in a research note. She believes the stock's valuation no longer justifies a Buy rating.

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