Mizuho Securities Reiterates Neutral Rating on Walgreens Boosts Alliance (WBA) Following 1Q Report

Mizuho Securities analyst Ann Hynes reiterated a Neutral rating and $59.00 price target on Walgreens Boosts Alliance (NASDAQ: WBA) following the company's 1Q earnings report. Adjusted EPS and adjusted operating income came in below estimates, but revenue was relatively in-line.

Adjusted EPS of $1.37 was below the consensus of $1.41. The miss is mainly driven by lower margins. Adjusted operating profit declined -16% y/y to $1.46bn. The large decline was dragged by both U.S. (-16% y/y) and international retail (-40% y/y) businesses.

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 $55.83 yesterday.

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