Walgreens Boots Alliance price target raised to $25 from $21 at Evercore ISI

Evercore ISI raised the firm’s price target on Walgreens Boots Alliance to $25 from $21 and keeps an In Line rating on the shares, noting that the company’s Q4 and FY24 guidance “came in largely as expected.” The firm views the updated FY24 EPS guidance of $3.20-$3.50 as “a reasonable starting point for the year” and with expectations reset for FY24, an improved/more focused U.S. Healthcare strategy, and Tim Wentworth about to start, Evercore sees the potential for short term positive momentum in the name, the analyst tells investors.