Keefe Bruyette & Woods Downgrades Walgreens Boots Alliance Inc to Underperform

Brokerage firm Keefe Bruyette & Woods Downgrades its rating on Walgreens Boots Alliance Inc(NASDAQ:WBA). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Keefe Bruyette & Woods was issued on Jul 22, 2016.

In a different note, On Jul 18, 2016, Credit Suisse said it Maintains its rating on Walgreens Boots Alliance Inc. In the research note, the firm Lowers the price-target to $95.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Walgreens Boots Alliance Inc. In the research note, the firm Raises the price-target to $76.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jun 7, 2016, Bank of America said it Reinstates its rating on Walgreens Boots Alliance Inc. The shares have been rated ‘Buy’ by the firm.

Walgreens Boots Alliance Inc (WBA) shares turned negative on Thursdays trading session with the shares closing down -0.48 points or -0.60% at a volume of 39,06,352. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $79.92. The peak price level was also seen at $79.92 while the days lowest was $79.04. Finally the shares closed at $79.46. The 52-week high of the shares is $97.3 while the 52-week low is $71.5. According to the latest information available, the market cap of the company is $86,001 M.

Walgreens Boots Alliance Inc(WBA) last announced its earnings results on Jul 6, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $29.50B. Analysts had an estimated revenue of $29.71B. Earnings per share were $1.18. Analysts had estimated an EPS of $1.14.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, Kathleen Wilson-thompson (EVP and Global Chief HRO) sold 29,695 shares at $83.00 per share price.Also, On Apr 25, 2016, William C Foote (director) sold 2,066 shares at $80.99 per share price.On Apr 18, 2016, George Rollo Fairweather (EVP and Global CFO) sold 50,000 shares at $81.52 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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