Overreaction to Walgreen staying in Chicago?

|By:, SA News Editor

Retail analyst Rahul Sharma thinks the market is overreacting to Walgreen (NYSE:WAG) pulling the tax inversion move out of its playbook.

If there's a concern with the integration of Alliance Boots, Sharma thinks the slower revenue growth of the the European firm should be watched.

The sudden dip in Walgreen has put shares back in line or below valuation on peers.

WAG -15.8% premarket

WAG tax inversion timeline