UPDATE: Morgan Stanley Reiterates on Walgreen Company on Possible Re-Domiciling

In a report published Tuesday, Morgan Stanley analyst Ricky R. Goldwasser reiterated an Overweight rating on Walgreen Company WAG, but removed the $75.00 price target. In the report, Morgan Stanley noted, “Strategically, re-domiciling could mean increased involvement from Pessina & AB. In a European structure, Stefano Pessina would likely be Executive Director, a role that typically encompasses setting company strategic direction. This differs from a US structure, where as a board member or potentially Chairman, Pessina & the board would approve the CEO's strategy.” Walgreen Company closed on Monday at $65.67.