Morgan Stanley Maintains Underweight on Walgreens Boots Alliance, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erin Wright has maintained an Underweight rating on Walgreens Boots Alliance (WBA) and reduced the price target from $22 to $21.
March 26, 2024 | 12:03 pm
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Morgan Stanley has maintained its Underweight rating on Walgreens Boots Alliance and lowered the price target from $22 to $21.
The reduction in price target by a major financial institution like Morgan Stanley suggests a bearish outlook on WBA's stock. This could lead to a negative short-term impact on the stock price as market participants adjust their expectations based on this new analyst rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100