Standpoint Research Upgrades Walgreen (WAG) to Buy
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Price: $76.05 --0%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Standpoint Research upgraded Walgreen (NYSE: WAG) from Hold to Buy with a price target of $40.00.
The firm comments, "WAG shares have underperformed the S&P-500 by more than 1000 bps since our December downgrade and should be repurchased at this time. There seems to have been an over-reaction to their break up with ESRX (that could be fixed in the coming weeks although we would not bet on this). ESRX accounts for less than 8% of WAG revenues, yet the shares (now < $33) are down > 30% from the ($47) 52-week high and trading at a 52-week low."
For more ratings news on Walgreen click here and for the rating history of Walgreen click here.
Shares of Walgreen closed at $33.82 yesterday.
The firm comments, "WAG shares have underperformed the S&P-500 by more than 1000 bps since our December downgrade and should be repurchased at this time. There seems to have been an over-reaction to their break up with ESRX (that could be fixed in the coming weeks although we would not bet on this). ESRX accounts for less than 8% of WAG revenues, yet the shares (now < $33) are down > 30% from the ($47) 52-week high and trading at a 52-week low."
For more ratings news on Walgreen click here and for the rating history of Walgreen click here.
Shares of Walgreen closed at $33.82 yesterday.
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