Walgreens Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Walgreens Boots Alliance, Inc. WBA is expected to release financial results for its fourth quarter, before the opening bell on Oct. 12, 2023.

Analysts expect the company to post quarterly earnings at 69 cents per share, down from year-ago earnings of 80 cents per share. The company’s revenue might come in at $34.82 billion, compared to $32.45 billion in the year-ago period.

Walgreens shares fell 1.7% to close at $21.81 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Lisa Gill maintained a Neutral rating and cut the price target from $33 to $27 on Oct. 5, 2023. This analyst has an accuracy rate of 63%.
• Deutsche Bank analyst George Hill maintained a Hold rating and slashed the price target from $34 to $27 on Sept. 22, 2023. This analyst has an accuracy rate of 64%.
• Mizuho analyst Ann Hynes reiterated a Neutral rating with a price target of $31 on July 14, 2023. This analyst has an accuracy rate of 72%.
• RBC Capital analyst Ben Hendrix maintained a Sector Perform rating and cut the price target from $36 to $29 on June 29, 2023. This analyst has an accuracy rate of 67%.
• Morgan Stanley analyst Erin Wright reiterated an Underweight rating with a price target of $37 on June 26, 2023. This analyst has an accuracy rate of 77%.

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