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Jefferies upgraded Walgreens Boot Alliance (NASDAQ:WBA) from Hold to Buy in a report released today.

Yesterday Walgreens Boot Alliance (NASDAQ:WBA) traded -0.26% lower at $78.31. The company’s 50-day moving average is $80.83 and its 200-day moving average is $81.04. The last closing price is down -3.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 707,818 shares of the stock traded hands, down from an average trading volume of 4,105,720

Jefferies has upgraded Walgreens Boot Alliance (NASDAQ:WBA) from Hold to Buy in a report released on 10/17/2016.

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Walgreens Boot Alliance (NASDAQ:WBA)

Walgreens Boot Alliance has a 52 week low of $71.50 and a 52 week high of $95.74 with a P/E ratio of 26.99 The company’s market cap is currently $0.

In addition to Jefferies reporting its stock price target, a total of 22 brokers have issued a research note on the company. The average stock price target is $93.59 with 6 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 10 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Walgreens Boot Alliance (NASDAQ:WBA)

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. The Retail Pharmacy USA segment consists of the Walgreen Co. (Walgreens) business, which includes the operation of retail drugstores and convenient care clinics, in addition to providing specialty pharmacy services. The Retail Pharmacy International segment consists primarily of the Alliance Boots pharmacy-led health and beauty stores, optical practices and related contract manufacturing operations. The Pharmaceutical Wholesale segment consists of the Alliance Boots pharmaceutical wholesaling and distribution businesses. The Company's portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as global health and beauty product brands, including No7, Botanics, Liz Earle and Soap & Glory.

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