Jefferies Maintains a 'Hold' on Walgreen (WAG); Key Takeaways From NYC Meeting w/ Mgmt

Jefferies maintains a 'Hold' on Walgreen (NYSE: WAG) price target of $30.00.

Analyst, Scott A Mushkin, said, "We hosted Walgreens and Alliance Boots management teams in NYC yesterday and each was confident in its respective prospects, as well as the prospects for realizing significant purchasing synergies quickly. Furthermore, WAG appeared pleased with its new Express Scripts (Nasdaq: ESRX) contract which they believe will stabilize the pharmacy business, letting management focus on securing additional script volumes as well as enhancing its front-end operations."

For an analyst ratings summary and ratings history on Walgreen click here. For more ratings news on Walgreen click here.

Shares of Walgreen closed at $36.36 yesterday.

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