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Валгрин Ко. Message Board

  • zacklabster zacklabster Oct 8, 2013 9:31 AM Flag

    Jefferies initiates coverage on Walgreen Company with a Hold rating and $62.00 price target.

    In the report, Jefferies noted, “Walgreens is in the midst of the biggest era of change in company history. After taking a 45% stake in Alliance Boots, and striking a 10-year drug distribution and joint sourcing pact with Amerisource Bergen, now the hard work begins on synergies and execution. As these deal wins are longer-term and we see some margin risk near-term as the company works to turn around negative traffic in the US, we initiate coverage of WAG shares with a Hold.”

    I'm not concerned with the HOLD...that will change soon enough.

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