Leerink Partners Initiates Coverage On Walgreens Boots Alliance with Market Perform Rating, Announces Price Target of $23
Portfolio Pulse from Benzinga Newsdesk
Leerink Partners analyst Michael Cherny initiates coverage on Walgreens Boots Alliance (WBA) with a Market Perform rating and a price target of $23.

February 26, 2024 | 1:42 pm
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NEUTRAL IMPACT
Leerink Partners initiated coverage on Walgreens Boots Alliance with a Market Perform rating and set a price target of $23.
The initiation of coverage by Leerink Partners with a Market Perform rating and a specific price target provides investors with a new analytical perspective on Walgreens Boots Alliance. However, the 'Market Perform' rating suggests that the analyst views WBA as neither significantly undervalued nor overvalued at current levels, which is why the short-term impact on the stock price is likely neutral. The price target of $23 offers a reference point for valuation but does not imply a strong bullish or bearish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100