Guggenheim Reiterates Buy Rating, $39 PT for Walgreen Company

In a morning summary published earlier today, Guggenheim Securities, LLC reiterated its Buy rating and $39.00 price target for Walgreen Company WAG. Guggenheim went on to say “WAG's comp momentum remains weak but trends are stabilizing. Overall comps declined 5.7% in May—a slight improvement from April and March. We continue to believe that a settlement with ESRX won't come at least until later in the year, with the shares treading water in the meantime.” Walgreen Company closed yesterday at $30.51.