Walgreens Boots Alliance Inc (NASDAQ:WBA) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. They currently have a $85.50 target price on the pharmacy operator’s stock. Vetr‘s target price points to a potential upside of 1.86% from the company’s current price.
In related news, Director John Anthony Lederer bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 12th. The stock was purchased at an average cost of $81.00 per share, for a total transaction of $810,000.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at approximately $2,430,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barry Rosenstein sold 1,720,900 shares of Walgreens Boots Alliance stock in a transaction on Thursday, February 18th. The shares were sold at an average price of $76.96, for a total value of $132,440,464.00.
Source: American Banking and Market News