Bank of America Reinstates Walgreens Boots Alliance Inc to Buy

Brokerage firm Bank of America Reinstates its rating on Walgreens Boots Alliance Inc(NASDAQ:WBA). The shares have been rated Buy. The rating by Bank of America was issued on Jun 7, 2016.

In a different note, On Mar 15, 2016, Credit Suisse said it Assumes its rating on Walgreens Boots Alliance Inc. The shares have been rated ‘Outperform’ by the firm. On Mar 10, 2016, Barclays said it Assumes its rating on Walgreens Boots Alliance Inc. In the research note, the firm Lowers the price-target to $81.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Walgreens Boots Alliance Inc (WBA) made into the market gainers list on Fridays trading session with the shares advancing 4.38% or 3.46 points. Due to strong positive momentum, the stock ended at $82.47, which is also near the day’s high of $83.48. The stock began the session at $78.67 and the volume stood at 1,09,52,718 shares. The 52-week high of the shares is $97.3 and the 52 week low is $71.5. The company has a current market capitalization of $89,088 M and it has 1,08,02,45,720 shares in outstanding.

Walgreens Boots Alliance Inc(WBA) last announced its earnings results on Apr 5, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $30.18B. Analysts had an estimated revenue of $30.66B. Earnings per share were $1.31. Analysts had estimated an EPS of $1.28.

Several Insider Transactions has been reported to the SEC. On Apr 25, 2016, William C Foote (director) sold 2,066 shares at $80.99 per share price.Also, On Apr 18, 2016, George Rollo Fairweather (EVP and Global CFO) sold 50,000 shares at $81.52 per share price.On Mar 11, 2016, Kathleen Wilson-thompson (EVP and Global Chief HRO) sold 15,873 shares at $83.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Walgreens Boots Alliance Inc. (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led health and wellbeing enterprise. It operates through three segments: Retail Pharmacy USA which consists of the Walgreens business including the operation of retail drugstores and convenient care clinics in addition to providing specialty pharmacy services; Retail Pharmacy International which consists of the Alliance Boots pharmacy-led health and beauty stores optical practices and related contract manufacturing operations and Pharmaceutical Wholesale which consists of the Alliance Boots pharmaceutical wholesaling and distribution businesses. Its portfolio of retail and business brands includes Walgreens Duane Reade Boots and Alliance Healthcare as well as global health and beauty product brands including No7 Botanics and Soap & Glory. Walgreens Boots Alliance through its subsidiary Liz Earle Beauty Co. Ltd offers the Liz Earle skincare brand.

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