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In a report published Thursday, Morgan Stanley analyst Ricky R. Goldwasser reiterated an Overweight rating and $85.00 price target on
Walgreen CompanyWAG.
In the report, Morgan Stanley noted, “Adjusted for calendar shift impact, May total same store sales were +5.7% vs. MS at +5.2%. This compares to a +3.1% comp in May ‘13 on an adjusted basis (which included y/y losses of ESRX customers), and a total sales comp of 5.5% for the combined March/April '14 period (which normalizes for shift in Easter timing this year).”
Walgreen Company closed on Wednesday at $74.56.
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