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 (NYSE: 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.
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