JP Morgan Maintains Overweight on Walgreens Boots Alliance, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Lisa Gill maintains an Overweight rating on Walgreens Boots Alliance (NASDAQ:WBA) but lowers the price target from $20 to $15.
August 30, 2024 | 5:38 pm
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JP Morgan analyst Lisa Gill maintains an Overweight rating on Walgreens Boots Alliance but lowers the price target from $20 to $15, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in WBA's potential, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company performance. This mixed signal could lead to short-term downward pressure on the stock price.
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