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Vetr Downgrades Walgreens As Price Corrects

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The Vetr crowd on Wednesday downgraded its rating on Walgreens Boots Alliance, Inc. (NASDAQ: WBA) from 4.5 stars (Strong Buy), issued 518 days ago, to 4 stars (Buy). Crowd sentiment at the time of the downgrade was still generally positive, with 66 percent of Vetr user ratings bullish.

Wednesday saw Walgreen's stock begin to correct from a sharp 4-percent rally it experienced over Tuesday's session to $72.24 after the company announced the closure of its purchase of $4.375 billion worth of assets from Rite Aid Corporation (NYSE: RAD). The stock finished the day slightly lower at $71.92.

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Currently, the Vetr crowd's average price target on Walgreens is up at $80.33, which is still well below the average analyst price target of $91.58. Less than 2 percent of Vetr users are holding WBA in their watch-lists.

Latest Ratings for WBA

DateFirmActionFromTo
Jan 2021Credit SuisseMaintainsNeutral
Jan 2021BairdUpgradesNeutralOutperform
Sep 2020MizuhoMaintainsNeutral

View More Analyst Ratings for WBA
View the Latest Analyst Ratings

 

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Posted-In: VetrDowngrades Price Target Crowdsourcing Analyst Ratings General

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