The Ratings Game: Walgreens stock dives after Goldman downgrade on concerns about core business [MarketWatch]
Walgreens Boots Alliance, Inc. (WBA)
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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Source: MarketWatch
Walgreens stock dives after Goldman downgrade on concerns about core business Walgreens Boots Alliance Inc. shares fell 4% Friday, after Goldman Sachs downgraded the stock to sell from neutral, citing concerns about a deteriorating performance at its core retail pharmacy business as reimbursement rates fall and front-end sales decline. “Challenges in its retail pharmacy business have intensified, forcing the company to search for other avenues of growth,” analysts led by Robert Jones wrote in a note. Goldman lowered its 12-month price target on the stock to $68 from $73, or about 14% below Friday’s trading level. Walgreens stock WBA, -4.43% has gained 36% since it reported fiscal third-quarter earnings in June, compared with a 3% decline for the S&P 500, despite two quarters of disappointing fundamental performance. At the same time, competition from juggernaut Amazon.com Inc. AMZN, -3.96% is expected to emerge in the pharmacy space, said the note. See also: Investors have mis
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News
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- Walgreens Boots Alliance's Progress in Sustainable Packaging [Yahoo! Finance]Yahoo! Finance
- Ex-UBS Boss Exits Family Office for $8 Billion Walgreens Fortune [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Ex-UBS Boss Exits Family Office for $8 Billion Walgreens Fortune [BNN Bloomberg (Canada)]BNN Bloomberg
WBA
Earnings
- 3/28/24 - Beat
WBA
Sec Filings
- 4/22/24 - Form 3
- 4/15/24 - Form 4
- 4/2/24 - Form 4
- WBA's page on the SEC website