Loading...
Loading...
Jefferies reiterates its Hold rating on Walgreen
WAG and cuts its price target from $34 to $30.
Jefferies notes, "We are updating our Walgreens estimates to reflect both 3Q12 earnings results as well as our initial accretion estimate from the Alliance Boots acquisition. We have lowered our core revenue growth rates for both the remainder of 2012 and for 2013 due to lower than expected sales as well as weaker gross margins."
WAG closed at $29.09 on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in