Top Wall Street Forecasters Revamp Walgreens Price Expectations Ahead Of Q2 Earnings

Group 1 - Walgreens Boots Alliance, Inc. (WBA) is set to release its second-quarter earnings results on April 8, with analysts expecting earnings of 53 cents per share, a decrease from $1.2 per share in the same period last year [1] - The projected quarterly revenue for Walgreens is$38.0 billion, an increase from $37.05 billion a year earlier [1] - On March 6, Walgreens Boots Alliance entered into an agreement to be acquired by private equity firm Sycamore Partners [1] Group 2 - Walgreens shares closed at$10.71, reflecting a gain of 0.3% [2] - Recent analyst ratings show a mix of downgrades and price target adjustments, with Deutsche Bank downgrading the stock from Hold to Sell and reducing the price target from $11 to$9 [3] - Truist Securities maintained a Hold rating while lowering the price target from $13 to$12, and RBC Capital raised its price target from $9 to$12 while maintaining a Sector Perform rating [3]