BofA Securities Slashes Price Target on Walgreens Boots Alliance to $11 From $22, Maintains Underperform Rating (2024)

Market Closed - Nasdaq Other stock markets 04:00:00 2024-06-28 pm EDT			5-day change	1st Jan Change
12.1 ^USD	-0.78%		-24.26%	-53.68%

Jun. 29	Boots CEO James quits after Walgreens' plans for sale stalls, Sky News reporter says	RE
Jun. 28	Walgreens' Q3 Earnings Miss Reflects Weak Consumer Spending, Pharmacy Headwinds, Morgan Stanley Says	MT

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Latest news about Walgreens Boots Alliance, Inc.

Boots CEO James quits after Walgreens' plans for sale stalls, Sky News reporter says	Jun. 29	RE
Walgreens' Q3 Earnings Miss Reflects Weak Consumer Spending, Pharmacy Headwinds, Morgan Stanley Says	Jun. 28	MT
Walgreens' Earnings Guidance Cut Implies 'Notably Weaker' Fourth Quarter, Morgan Stanley Says	Jun. 28	MT
Walgreens Boots Alliance's Fiscal Q3 Results Reflect Pharmacy Headwinds, Challenging Retail Environment, Truist Securities Says	Jun. 28	MT
BofA Securities Slashes Price Target on Walgreens Boots Alliance to $11 From $22, Maintains Underperform Rating	Jun. 28	MT
Truist Cuts Price Target on Walgreens Boots Alliance to $13 From $20, Calls Fiscal Q3 'Difficult,' Keeps Hold Rating	Jun. 28	MT
Mizuho Adjusts Price Target on Walgreens Boots Alliance to $15 From $19, Maintains Neutral Rating	Jun. 28	MT
Morgan Stanley Lowers Price Target on Walgreens Boots Alliance to $9 From $13 Amid Guidance Cut, Keeps Underweight Rating	Jun. 28	MT
Barclays Adjusts Price Target on Walgreens Boots Alliance to $11 From $15, Maintains Underweight Rating	Jun. 28	MT
Deutsche Bank Adjusts Price Target on Walgreens Boots Alliance to $13 From $22, Maintains Hold Rating	Jun. 28	MT
Wall St. subdued ahead of debate, inflation data	Jun. 27	RE
Equities Rise as Markets Analyze Fed Official's Remarks, Macro Data	Jun. 27	MT
Equities Rise Amid Fed Official's Rate Remarks, Macro Data	Jun. 27	MT
US Equities Markets Close Higher Thursday as Investors Review Economic Data, Fed Official's Remarks	Jun. 27	MT
Sector Update: Health Care Stocks Slipping Late Afternoon	Jun. 27	MT
Wall Street closes subdued as investors sit, wait for inflation data	Jun. 27	RE
Leerink Partners Cuts Walgreens Boots Alliance's Price Target to $11 From $17	Jun. 27	MT
Equity Markets Rise Intraday After Macro Data, Fed Official's Comments	Jun. 27	MT
Sector Update: Health Care Stocks Decline in Afternoon Trading	Jun. 27	MT
Sector Update: Health Care	Jun. 27	MT
Nephron Research Cuts Walgreens Boots Alliance's Price Target to $13 From $24, Hold Rating Maintained	Jun. 27	MT
US Equity Indexes Choppy, Treasury Yields Decline in Midday Trading	Jun. 27	MT
Walgreens cuts profit view, looks to shut more stores	Jun. 27	RE
Evercore ISI Adjusts Price Target on Walgreens Boots Alliance to $10 From $17	Jun. 27	MT
Wall St listless as eyes on crucial inflation data; Micron, Walgreens slump	Jun. 27	RE

Chart Walgreens Boots Alliance, Inc.

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Company Profile

Walgreens Boots Alliance, Inc. specializes in the distribution of pharmaceutical products. Net sales break down by activity as follows:- retail distribution (87.2%): selling prescription drugs, OTC medicines, beauty and cosmetic products, etc. in the United States (90.9% of net sales) and internationally (9.1%). At the end of August 2023, the activity is carried out through 13,532 outlets (of which 8,706 located in the United States, Puerto Rico and the US Virgin Islands), and through the Internet;- wholesale distribution (8.1%).The remaining sales (4.7%) are from the healthcareNet sales break down geographically as follows: the United States (84%), Germany (8.1%), the United Kingdom (6.5%) and other (1.4%).

Sector

Drug Retailers

Calendar

2024-10-09 - Q4 2024 Earnings Release (Projected)

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Analysis / Opinion

Walgreens CEO on Narrowed Forecast, Shoppers Cutting Back Spending March 28, 2024 at 03:59 pm EDT

Walgreens Boots Alliance, Inc. first light at the end of the tunnel? November 27, 2023 at 10:22 am EST

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Ratings for Walgreens Boots Alliance, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

12.1USD

Average target price

17.08USD

Spread / Average Target

+41.24%

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YIFENG PHARMACY CHAIN CO., LTD.	-26.42%	4.1B
WELCIA HOLDINGS CO., LTD.	-18.65%	2.58B
SAUDI CHEMICAL HOLDING COMPANY	+161.11%	2.54B

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News Walgreens Boots Alliance, Inc.
BofA Securities Slashes Price Target on Walgreens Boots Alliance to $11 From $22, Maintains Underperform Rating

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