Goldman Sachs Downgrades Walgreens Boosts Alliance (WBA) to Sell
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Price: $11.98 --0%
Rating Summary:
8 Buy, 21 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 21 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs analyst Robert Jones downgraded Walgreens Boosts Alliance (NASDAQ: WBA) from Neutral to Sell with a price target of $68.00 (from $73.00).
The analyst believes recent partnerships are not enough to offset pressure on the core business. He notes that US retail fundamentals have deteriorated and the company's leverage is "somewhat elevated."
For an analyst ratings summary and ratings history on Walgreens Boosts Alliance click here. For more ratings news on Walgreens Boosts Alliance click here.
Shares of Walgreens Boosts Alliance closed at $82.32 yesterday.
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