Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Walgreens Boots Alliance risk/reward profile 'sharply skewed to the upside' - Deutsche Bank

Published 06/22/2023, 01:27 PM
© Reuters.  Walgreens Boots Alliance (WBA) risk/reward profile 'sharply skewed to the upside' - Deutsche Bank
WBA
-

Walgreens Boots Alliance (NASDAQ:WBA) was named a Catalyst Call Buy Idea at Deutsche Bank on Thursday.

The investment bank's analysts, who have a Buy rating and $46 price target on the stock, explained that they are adding WBA's shares as a catalyst call Buy heading into next Tuesday's EPS print, with the F3Q results as the catalyst.

They explained that they view the risk/reward profile as "sharply skewed to the upside should the company deliver against its profitability targets in both the core pharmacy segment and the care delivery segment."

"Should improving trends prove sustainable, we believe multiple expansion and a modest re-rating of the shares could be in order," the analysts added.

WBA shares are up 0.9% so far on Thursday. However, the stock is down more than 15% in 2023.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.