In a report published Wednesday, Morgan Stanley analyst Ricky R. Goldwasser reiterated an Overweight rating on Walgreen Company WAG, but removed the $77.00 price target.
In the report, Morgan Stanley noted, “WAG earnings cc provided additional clarification on FY15 headwinds & timing of cost reduction measures. While environment continues to be challenging, we see some silver linings as mgmt is starting to negotiate contract terms with both payors and manufacturers & looking to stabilize cost structure.”
Walgreen Company closed on Tuesday at $59.27.
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