JP Morgan Maintains Neutral Rating for Walgreens Boots Alliance: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has maintained its Neutral rating for Walgreens Boots Alliance (NASDAQ:WBA) but lowered its price target from $33.00 to $27.00. Walgreens Boots Alliance is one of the largest retail pharmacy chains in the U.S., generating two thirds of its revenue from prescription drug sales. The company's shares are currently trading down 0.63% at $22.15 per share.
October 05, 2023 | 5:00 pm
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NEGATIVE IMPACT
JP Morgan has maintained its Neutral rating for Walgreens Boots Alliance but lowered its price target. This could potentially impact the company's stock price.
The lowering of the price target by JP Morgan, a major financial institution, could negatively impact investor sentiment towards Walgreens Boots Alliance, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100