Walgreens Boosts Alliance (WBA) PT Raised to $49 at BofA Securities

October 15, 2021 8:02 AM EDT
Get Alerts WBA Hot Sheet
Price: $48.28 +0.10%

Rating Summary:
    6 Buy, 26 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 12 | New: 30
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BofA Securities analyst Michael Cherny raised the price target on Walgreens Boosts Alliance (NASDAQ: WBA) to $49.00 (from $47.00) while maintaining an Underperform rating.

  • Path forward comes with optimism...and also defines a “show me” story
  • reducing FY22E EPS from $5.03 to $4.94, our FY23E EPS from $5.40 to $5.07, and our FY24 EPS from $5.84 to $5.50. Our estimates incorporate a broader investment cycle tied to the new Walgreens Health initiatives, which will be a combination of both operating investments as well as higher CapEx.

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Analyst EPS Change, Analyst PT Change