Goldman Sachs Downgrades Walgreens Boosts Alliance (WBA) to Sell

December 14, 2018 4:50 AM EST
Get Alerts WBA Hot Sheet
Price: $34.15 --0%

Rating Summary:
    9 Buy, 22 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 20
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change, Downgrades, Hot Downgrades

Related Entities

Goldman Sachs