B of A Securities Reiterates Underperform on Walgreens Boots Alliance, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Allen Lutz has reiterated an Underperform rating on Walgreens Boots Alliance (NASDAQ:WBA) and lowered the price target from $22 to $11.
June 28, 2024 | 2:58 pm
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B of A Securities analyst Allen Lutz has reiterated an Underperform rating on Walgreens Boots Alliance and significantly lowered the price target from $22 to $11.
The reiteration of an Underperform rating and a significant reduction in the price target from $22 to $11 by a major analyst firm like B of A Securities is likely to negatively impact investor sentiment and the stock price of Walgreens Boots Alliance in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100