Walgreens: Why Evercore ISI Downgraded the Stock
On July 10, Walgreens Boots Alliance (WBA) was downgraded to “in-line” from “outperform” by Ross Muken, an analyst at Evercore ISI, according to a report from CNBC. Walgreens fell 0.8% to $63.20 on July 10. Walgreens has fallen ~13% year-to-date.