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UPDATE: Deutsche Bank Initiates Coverage on Walgreens as the Path Feels Clear

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In a report published Thursday, Deutsche Bank analyst George Hill initiated coverage on Walgreen Company (NYSE: WAG) with a Buy rating and $73.00 price target.

In the report, Deutsche Bank noted, “We are initiating coverage of WAG shares with a Buy Rating and $73 price target. Walgreens is in the early stages of building the first global pharmacy retailing and supply chain company (then followed quickly by McKesson). Should the company come close to achieving its targets, helped by the integration of AllianceBoots and its partnership with AmerisourceBergen, a path to $73 seems achievable as investors get more comfortable with its longer term targets.”

Walgreens closed on Wednesday at $59.40.

Latest Ratings for WAG

DateFirmActionFromTo
Oct 2014Deutsche BankMaintainsBuy
Oct 2014JP MorganMaintainsOverweight
Oct 2014FBR CapitalMaintainsMarket Perform

View More Analyst Ratings for WAG
View the Latest Analyst Ratings

Posted-In: Deutsche Bank George HillAnalyst Color Initiation Analyst Ratings

 

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