Deutsche Bank Downgrades Walgreens Boots Alliance to Hold, Lowers Price Target to $34
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst George Hill has downgraded Walgreens Boots Alliance (NASDAQ:WBA) from Buy to Hold and lowered the price target from $46 to $34.
June 28, 2023 | 10:33 am
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Walgreens Boots Alliance has been downgraded by Deutsche Bank from Buy to Hold, with a lowered price target of $34.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for the company. The lowered price target from $46 to $34 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100