Barclays Maintains Equal-Weight Rating for Walgreens Boots Alliance: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Equal-Weight rating for Walgreens Boots Alliance (NASDAQ:WBA) but lowered its price target from $38.00 to $32.00. Walgreens Boots Alliance's shares are currently trading down 1.03% at $28.34 per share. A move to $32.00 would account for a 12.89% increase from the current share price.
June 28, 2023 | 5:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays has maintained its Equal-Weight rating for Walgreens Boots Alliance but lowered its price target. This could potentially impact the stock's performance in the short term.
The lowering of the price target by Barclays could potentially lead to a decrease in the stock price of Walgreens Boots Alliance in the short term. Investors may see this as a lack of confidence in the company's ability to reach the previous target, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100