BAML updates on Walgreens Express upside

|About: Walgreens Boots Alliance,... (WBA)|By:, SA News Editor

Bank of America Merrill Lynch weighs in on the implications of the new Walgreen Express national next-day Rx delivery service.

"This announcement expands Walgreens' mail capabilities, an area where historically it has been less focused than other pharmacies due to its primarily retail base," writes the BAML analyst team.

Also: "This announcement expands Walgreens’ mail capabilities, an area where historically it has been less focused than other pharmacies due to its primarily retail base."

Despite the positive uptake, the firm keeps an Underperform rating on Walgreen Boots Alliance (WBA -1.4%) due to concerns over core EBIT and gross profit growth.

Previously: Walgreens launches next-day prescription delivery service (Dec. 6)

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