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Walgreens Boots Alliance price target lowered to $35 from $36 at Evercore ISI

Walgreens Boots Alliance price target lowered to $35 from $36 at Evercore ISI

Evercore ISI lowered the firm’s price target on Walgreens Boots Alliance to $35 from $36 and keeps an In Line rating on the shares. Evercore ISI lowered its FY23 EPS estimates for the company due to lower COVID contribution as well has higher revenues offset by lower gross margin, the analyst tells investors. Evercore ISI will remain on the sidelines until there is greater visibility regarding the company’s core business.

Published first on TheFly

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