Argus Reiterates Hold Rating on Walgreens Boosts Alliance (WBA)

April 5, 2021 6:56 AM EDT
Get Alerts WBA Hot Sheet
Price: $53.51 -0.52%

Rating Summary:
    6 Buy, 26 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 14 | New: 57
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Argus analyst reiterated a Hold rating on Walgreens Boosts Alliance (NASDAQ: WBA) after management raised its FY21 earnings guidance to mid- to high single-digit growth from low single-digit growth. It said that the increase reflected the company’s strong first-half results and expectations for significant second-half growth as COVID-19 vaccinations accelerate.

On March 31, WBA reported a 10.1% decrease in fiscal 2Q adjusted earnings from continuing operations, to $1.26 per share. However, the results were better than management expected.

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 $54.53 yesterday.

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