Market Overview

UPDATE: Cantor Fitzgerald Raises PT on Walgreen Company on Good 2Q13 Results

Share:
Related WAG
The 'Hateful' Eight: 8 Stocks Institutional Investors Dumped Last Quarter
Jim Cramer Shares His Thoughts On Bank Of America, Walgreens & Delta

In a report published Wednesday, Cantor Fitzgerald analyst Ajay Jain reiterated a Buy rating on Walgreen Company (NYSE: WAG), and raised the price target from $45.00 to $49.00.

In the report, Jain noted, “We've raised our price target for Walgreen to $49 from $45 following better than expected 2Q:13 results and the positive long-term implications based on strategic developments with AmeriSource Bergen, with whom Walgreen has a 10-year comprehensive supply agreement. We expect comparisons will be extremely favorable over the balance of FY:13.”

Walgreen Company closed on Tuesday at $44.74.

Latest Ratings for WAG

DateFirmActionFromTo
Dec 2014BarclaysMaintainsEqual-weight
Dec 2014JP MorganMaintainsOverweight
Dec 2014SunTrust Robinson HumphreyDowngradesBuyNeutral

View More Analyst Ratings for WAG
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Price Target Analyst Ratings

 

Related Articles (WAG)

Around the Web, We're Loving...