Brokerage Firm Rating Update on Walgreens Boots Alliance (WBA)

Walgreens Boots Alliance (WBA) : Zacks Investment Research ranks Walgreens Boots Alliance (WBA) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.88, which indicates as a Buy.

Walgreens Boots Alliance (WBA) : The consensus price target for Walgreens Boots Alliance (WBA) is $92.62 for the short term with a standard deviation of $6.53. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $103, however, the pessimist price target for the company is $79.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of Walgreens Boots Alliance (NASDAQ:WBA). Credit Suisse has a Outperform rating on the shares. As per the latest report, the brokerage house maintains the price target to $95 per share. The rating by the firm was issued on September 1, 2016.

Walgreens Boots Alliance (NASDAQ:WBA): The stock opened at $81.82 and touched an intraday high of $83.06 on Wednesday. During the day, the stock corrected to an intraday low of $81.41, however, the bulls stepped in and pushed the price higher to close in the green at $82.88 with a gain of 1.52% for the day. The total traded volume for the day was 3,316,700. The stock had closed at $81.64 in the previous trading session.

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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