In a report published Thursday, Morgan Stanley analyst Ricky R. Goldwasser reiterated an Overweight rating on Walgreen Company WAG, but removed the $68.00 price target.
In the report, Morgan Stanley noted, “Meetings with Alliance Boots (AB) mgmt showcased an impressive executive team and gave us increased confidence in JV synergies, as well as a glimpse into front-end opportunities. Re-domiciling emerging as key debate with implications on tax rate and strategic direction.”
Walgreen Company closed on Wednesday at $65.42.
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