UPDATE: Cantor Fitzgerald Reiterates Buy Rating, 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

, 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.