UPDATE: Morgan Stanley Reiterates Overweight Rating, Removes PT on Walgreen Company on Mixed Factors

In a report published Wednesday, Morgan Stanley analyst Ricky R. Goldwasser reiterated an Overweight rating on

, 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.