Sell-side weighs in on Walgreen

|By:, SA News Editor

Following disappointing quarterly results reported yesterday, Walgreen (WAG) rates an upgrade to Buy from Jefferies, citing possible management actions like a tax inversion, recapitalization, and more cost cuts. The team boosts its price target to $87 from $69.

Goldman maintains its Conviction Buy, but lowers the price target by $3 to $84.

Shares +0.6% premarket

Previously: Walgreen misses by $0.03, misses on revenue