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Investors should 'take the risk' in Walgreens Boots Alliance (WBA) - Cowen

November 22, 2022 11:52 AM EST

Cowen upgraded Walgreens Boots Alliance (NASDAQ: WBA) to Outperform from Market Perform, raising its price target on the stock to $54 from $43 in a research note Tuesday.

Analyst Charles Rhyee told investors the stock has an attractive risk-reward, and WBA's "transformation into a healthcare services business accelerates and op inc mix shifts away from US retail."

"We believe this is a non-consensus call, with... More