UPDATE: Baird Downgrades Walgreens Boosts Alliance (WBA) to Neutral

Baird analyst Eric Coldwell downgraded Walgreens Boosts Alliance (NASDAQ: WBA) from Outperform to Neutral with a price target of $51.00.

The analyst comments "Despite a positive long-term bias, WBA is simply too complicated at present. We remain committed believers that WBA is taking appropriate steps for a better future. However, this is not a tape that pays for level of difficulty or long-term aspirations. Anything short of crisp communications will not suffice. Hard to see sustained positive move barring Boots outcome, disseminated/realistic FY23 guidance, impact of COVID fade, and several other items. Core EPS run rate debate likely to rage for several quarters ahead."

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 $44.77 yesterday.

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