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Walgreens Boots Alliance price target lowered to $7 from $11 at Barclays

Barclays analyst Stephanie Davis lowered the firm’s price target on Walgreens Boots Alliance to $7 from $11 and keeps an Underweight rating on the shares. The firm updated its model to reflect lower U.S. retail pharmacy revenues and margins for FY25 amid continued macro challenges, noting that its FY25 revenue and EPS estimates were lowered to $145.1B and $1.74.from $146.9B and $2.58, respectively.

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