WAG upped at Cantor Fitzgerald on Valuation

Shares of Walgreen Co.

were upgraded to hold from sell this morning by Cantor Fitzgerald. WAG was price target was raised from 50 to 56, mostly on a valuation call. Shares of WAG were sharply lower yesterday following the news that the company would not be seeking to take advantage of tax inversion to lower tax implications. Shares of Walgreens are trading up 2.5 percent pre-market at 60.91, which is still 8 percent higher than the new Cantor Fitzgerald price target.