Macquarie downgrades Walgreen (WAG) to Neutral from Outperform after sizing up the company's...

|By:, SA News Editor

Macquarie downgrades Walgreen (WAG) to Neutral from Outperform after sizing up the company's pricey acquisiton of Alliance Boots. Analysts with Macquarie see the buy as a head-scratcher that doesn't address soft U.S. traffic trends or pharmacy sales. A counterpoint comes from Stone Fox Capital with its take that yesterday's selloff was overdone on fears about anything related to Europe.