On Oct 17, major Wall Street analysts update their ratings for $Walgreens Boots Alliance (WBA.US)$, with price targets ranging from $7 to $8.
Morgan Stanley analyst Erin Wright maintains with a sell rating, and maintains the target price at $7.
BofA Securities analyst Allen Lutz maintains with a sell rating, and maintains the target price at $7.5.
Barclays analyst Stephanie Davis maintains with a sell rating, and adjusts the target price from $7 to $8.
Truist Financial analyst David S Macdonald maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Walgreens Boots Alliance (WBA.US)$'s main analysts recently are as follows:
The CEO of Walgreens Boots Alliance expressed considerable optimism about the company's direction, citing 'the best day he's had as CEO' since his tenure began in late 2023, which was partly due to positive stock reactions and encouraging results. There is an anticipation of a recovery in adjusted earnings per share and reported free cash flow, but projections suggest this may not materialize for at least another year or two. It is believed that potential divestitures of certain business units could significantly accelerate the improvement in earnings and cash flow.
The latest quarterly report from Walgreens Boots Alliance offered guidance for fiscal 2025 and provided data that helped ease concerns regarding short-term liquidity. Despite this, there remain ongoing structural challenges within the U.S. retail pharmacy sector.
Walgreens Boots Alliance's recently presented financial outlook for FY25, which was anticipated, offers a logical projection for the company's trajectory despite numerous variables. It is acknowledged that observing the core AOI of the business diminish by half year-over-year is not ideal. Nonetheless, the forecast aligns with expectations and incorporates a sensible perspective on reimbursement, headwinds from one year to the next, and potential growth. Attention now pivots to the company's operational execution, especially the impact of store closures and enhancements in working capital, which will likely be scrutinized by investors until a stable pattern of these modifications emerges.
Here are the latest investment ratings and price targets for $Walgreens Boots Alliance (WBA.US)$ from 4 analysts:
Note:
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