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