Walgreens Boosts Alliance (WBA) PT Lowered to $19 at Jefferies

Jefferies analyst Brian Tanquilut lowered the price target on Walgreens Boosts Alliance (NASDAQ: WBA) to $19.00 (from $22.50) while maintaining a Hold rating.

The analyst said: "We maintain our Hold on WBA given our continued concerns about its ability to meet current Street EPS expectations. While WBA has shown improvement in its U.S. Health segment, the weak consumer environment is impacting WBA's ability to drive healthy growth and earnings performance improvement. WBA's ongoing strategic review could result in aggressive cost cuts and possible asset divestiture, but benefits from such initiatives will likely take multiple years."

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