UPDATE: Jefferies Upgrades Walgreens
Jefferies analyst Mark Wiltamuth upgraded shares of Walgreens (NYSE: WAG) from Hold to Buy and raised the price target from $69 to $87.
Following the upgrade the company's shares are trading up two percent in Wednesday's market session.
In his note, Wiltamuth said the management at Walgreens is "contemplating aggressive change," citing cost cuts, possible tax inversion, a higher leverage and more buybacks.
Latest Ratings for WAG
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 2014 | Barclays | Maintains | Equal-Weight | |
| Dec 2014 | JP Morgan | Maintains | Overweight | |
| Dec 2014 | SunTrust Robinson Humphrey | Downgrades | Buy | Neutral |
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Posted-In: Jefferies Mark WiltamuthAnalyst Color Upgrades Price Target Analyst Ratings
