Hold Your Horses: Analysts Sit On Fence For Walgreens Boots Alliance Citing Disappointing Quarter, Outlook
Portfolio Pulse from Vandana Singh
Walgreens Boots Alliance Inc (WBA) reported weaker-than-expected Q3 profits and lowered its FY23 adjusted EPS guidance to $4.00-$4.05 from the previous $4.45 - $4.65. Analysts from Truist Securities, Mizuho Securities, and Raymond James maintain a cautious stance on the company, citing disappointing quarter results and a cautious macroeconomic forward view.
June 28, 2023 | 6:50 pm
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Walgreens Boots Alliance reported weaker Q3 profits and lowered its FY23 EPS guidance, leading to a cautious stance from analysts. The stock price may be negatively impacted in the short term.
Walgreens Boots Alliance's weaker-than-expected Q3 profits and lowered FY23 EPS guidance are likely to negatively impact investor sentiment, potentially leading to a decrease in the stock price in the short term. Analysts' cautious stance further supports this view.
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IMPORTANCE 80
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