Evercore ISI analyst Elizabeth Anderson raised the firm’s price target on Walgreens Boots Alliance (WBA) to $12 from $9 and keeps an In Line rating on the shares after the company’s fiscal Q1 report “surprised to the upside,” particularly in U.S. Retail. The firm, which is encouraged to see signs of improvement, while still looking for additional data points to support a return to longer-term US Retail adjusted operating income growth, is updating its FY25 EPS estimate to $1.71 post today’s print.
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