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WBA

Walgreens Boots Alliance

$75.47

-0.6 (-0.79%)

09:39
12/19/18
12/19
09:39
12/19/18
09:39

Walgreens Boots Alliance assumed with a Peer Perform at Wolfe Research

  • 20

    Dec

WBA Walgreens Boots Alliance
$75.47

-0.6 (-0.79%)

11/23/18
MSCO
11/23/18
NO CHANGE
MSCO
Walgreens needs managed care 'anchor' to fill out strategy, says Morgan Stanley
Morgan Stanley analysts Ricky Goldwasser and Zack Sopcak weighed in on The Wall Street Journal's report that Walgreens (WBA) and Humana (HUM) are in talks to expand their existing relationship in a note to investors issued Wednesday, stating that they have no knowledge of a deal and noting that neither company has commented. From the Walgreens perspective, Goldwasser said that a managed care "anchor" is "the missing link" in Walgreens' strategy and Humana would be a logical partner, but he also questions whether an arm's length relationship can deliver the same benefit as vertically integration over the long-term. From Humana's side, Sopcak noted that Humana has spoken positively about the access a retail partnership would bring, though they haven't expressed a need to be tied to a single retailer. Goldwasser has an Equal Weight rating on Walgreens and Sopcak has an Overweight rating on Humana.
12/14/18
GSCO
12/14/18
DOWNGRADE
Target $68
GSCO
Sell
Walgreens Boots Alliance downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Robert Jones downgraded Walgreens Boots Alliance to Sell and lowered his price target for the shares to $68 from $73.
12/14/18
GSCO
12/14/18
DOWNGRADE
Target $68
GSCO
Sell
Goldman downgrades Walgreens to Sell with $68 target, sees downside in 2019
Goldman Sachs analyst Robert Jones downgraded Walgreens Boots Alliance (WBA) to Sell from Neutral and lowered his price target for the shares to $68 from $73. The analyst says he struggles to make a "compelling fundamental case" for the Americas Healthcare Services Supply Chain heading into 2019 as "issues facing core growth drivers do not seem to be abating." Jones sees limited "core" growth for the large-cap names amid persisting sales and margin pressures and as drug pricing remains a regulatory focus. He downgrades Walgreens to Sell saying challenges in its retail pharmacy business "have intensified, forcing the company to search for other avenues of growth." Jones also keeps a Neutral rating on CVS Health (CVS) and Sell rating on Rite Aid (RAD).
12/14/18
12/14/18
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. Walgreens Boots Alliance (WBA) downgraded to Sell from Neutral at Goldman Sachs with analyst Robert Jones saying he struggles to make a "compelling fundamental case" for the Americas Healthcare Services Supply Chain heading into 2019 as "issues facing core growth drivers do not seem to be abating." 2. Cisco (CSCO) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying strengthening information technology spending, an innovation-led refresh cycle, and a rising software mix have lifted Cisco's multiple and its shares to post-recession highs. 3. Universal Health (UHS) downgraded to Sell from Neutral at Goldman Sachs with analyst Stephen Tanal saying a "healthy" macro environment helps acute hospitals' commercial mix, but behavioral health providers like Universal Health over-index to Medicaid and Medicare, "leaving them less exposed to the supportive backdrop." 4. Beacon Roofing (BECN) downgraded to Neutral from Outperform at Wedbush with analyst Jay McCanless saying that yesterday's investor day did not provide any new catalysts to raise EPS estimates or price target. 5. Kaman (KAMN) downgraded to Underweight from Neutral at JPMorgan with analyst Seth Seifman saying he values the stock at 14 times his 2020 earnings per share estimate of $4.05 while adding 15c for potentially accretive M&A, given the company's balance sheet capacity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

AMZN

Amazon.com

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31.65 (1.82%)

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Oracle

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-0.1 (-0.18%)

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BTI

British American Tobacco

$34.60

0.245 (0.71%)

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0.72 (1.69%)

IMBBY

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PM

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0.28 (0.36%)

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RYAM

Rayonier Advanced Materials

$4.70

0.21 (4.68%)

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CP

Canadian Pacific

$218.42

3.27 (1.52%)

06:26
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RYTM

Rhythm Pharmaceuticals

$20.90

0.52 (2.55%)

06:24
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  • 16

    Oct

PRQR

ProQR Therapeutics

$6.21

-0.09 (-1.43%)

06:23
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Syndicate
ProQR Therapeutics 9.091M share Spot Secondary priced at $5.50 »

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  • 17

    Oct

SSNLF

Samsung

$0.00

(0.00%)

06:23
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Samsung places further EUV equipment orders, DigiTimes reports »

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  • 27

    Oct

RYTM

Rhythm Pharmaceuticals

$20.90

0.52 (2.55%)

06:23
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10/16
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06:23
Syndicate
Rhythm Pharmaceuticals 8.108M share Spot Secondary priced at $18.50 »

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  • 16

    Oct

PRNB

Principia Biopharma

$29.88

0.7 (2.40%)

06:22
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Syndicate
Principia Biopharma 7.5M share Spot Secondary priced at $28.00 »

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  • 16

    Oct

EURN

Euronav NV

$10.72

-0.605 (-5.34%)

06:21
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06:21
Recommendations
Euronav NV analyst commentary  »

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  • 29

    Oct

BA

Boeing

$370.99

-2.05 (-0.55%)

, EADSY

Airbus

$0.00

(0.00%)

06:20
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Periodicals
Entry date for Boeing's 777-8 depending on customer demand, Reuters reports »

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BA

Boeing

$370.99

-2.05 (-0.55%)

EADSY

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  • 23

    Oct

XOG

Extraction Oil & Gas

$2.65

-0.05 (-1.85%)

06:19
10/16/19
10/16
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06:19
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Extraction Oil & Gas rating change  »

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  • 07

    Nov

CNI

Canadian National

$86.78

0.38 (0.44%)

06:19
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06:19
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Canadian National rating change  »

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INOV

Inovalon

$15.04

0.2 (1.35%)

06:19
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Inovalon initiated  »

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WAB

Wabtec

$67.83

1.185 (1.78%)

06:17
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  • 31

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ADBE

Adobe

$279.40

1.61 (0.58%)

06:15
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Adobe rating change  »

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PLMR

Palomar

$40.61

-0.26 (-0.64%)

06:13
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AXSM

Axsome Therapeutics

$20.65

2.42 (13.27%)

06:12
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SNBR

Sleep Number

$46.69

0.48 (1.04%)

06:11
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06:11
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Sleep Number analyst commentary  »

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CNI

Canadian National

$86.78

0.38 (0.44%)

06:11
10/16/19
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06:11
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Canadian National rating change  »

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  • 22

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PLMR

Palomar

$40.61

-0.26 (-0.64%)

06:10
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Initiation
Palomar initiated  »

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CP

Canadian Pacific

$218.42

3.27 (1.52%)

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  • 23

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MCK

McKesson

$138.17

4.01 (2.99%)

, ABC

AmerisourceBergen

$83.18

1.6 (1.96%)

06:08
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Recommendations
McKesson, AmerisourceBergen, Cardinal Health analyst commentary  »

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MCK

McKesson

$138.17

4.01 (2.99%)

ABC

AmerisourceBergen

$83.18

1.6 (1.96%)

CAH

Cardinal Health

$47.93

1.16 (2.48%)

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  • 23

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I

Intelsat

$26.09

1.09 (4.36%)

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FOMX

Foamix

$3.00

0.145 (5.09%)

06:03
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Foamix analyst commentary  »

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  • 17

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