Walgreens Boot Alliance (NASDAQ:WBA) New Coverage by Needham

Analysts at Needham started coverage on shares of Walgreens Boot Alliance (NASDAQ:WBA) in a note issued to clients on Wednesday morning. The broker set an Hold rating on the $84.82 billion market cap company.

Despite the new coverage NASDAQ:WBA is right now trading -0.35% lower at $77.26 as of 12:02 AM New York time. Walgreens Boot Alliance shares have [From2] 0% over the past 200 days, while the Standard & Poor’s 500 index has risen 6.00% during the same time period.

According to data compiled by Thomson Reuters, Walgreens Boot Alliance (NASDAQ:WBA)’s stock is covered by 22 equity analysts across the Street, with 0 analysts giving it a Sell rating, 16 a Buy rating, while 10 consider it a Hold. The 12-month consensus target price for the stock is $93.59, which reflects an upside potential of 21.14% over the current price.

Walgreens Boot Alliance (NASDAQ:WBA) Profile

Walgreens Boots Alliance, Inc. is a holding company. The Company is a pharmacy-led health and wellbeing company. The Company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.

Walgreens Boot Alliance (NASDAQ:WBA) traded down -0.35% on 28 June, hitting $77.26. A total of 6.56M shares of the company’s stock traded hands. This is up from average of 5.23M shares. Walgreens Boot Alliance has a 52 week low of $75.18 and a 52 week high of $88. The company has a market cap of $84.82B and a P/E ratio of 19.79.

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The post Needham Begins Coverage on Walgreens Boot Alliance (NASDAQ:WBA) with Hold Rating appeared first on Octafinance.