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UPDATE: Morgan Stanley Reiterates on Walgreen Company on 2QFY14 Earnings Preview

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In a report published Wednesday, Morgan Stanley analyst Ricky R. Goldwasser reiterated an Overweight rating on Walgreen Company (NYSE: WAG), but removed the $68.00 price target.

In the report, Morgan Stanley noted, “WAG shares up 17% since January and holding on to gains March to-date, heading into what is likely to be soft earnings as investors focus on LT opportunities. Key to share performance will be mgmt commentary regarding synergies, timing of step 2 of AB deal, and strategic direction.”

Walgreen Company closed on Tuesday at $67.20.

Latest Ratings for WAG

Dec 2014JP MorganMaintainsOverweight
Dec 2014BarclaysMaintainsEqual-Weight
Dec 2014SunTrust Robinson HumphreyDowngradesBuyNeutral

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Posted-In: Morgan Stanley Ricky R. GoldwasserAnalyst Color Price Target Analyst Ratings


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