Walgreen target cut by Mizuho

Walgreens Boots Alliance price target lowered to $77 from $87 at Mizuho. Mizuho analyst Ann Hynes views Walgreens Boots Alliance’s sell-side event last week as “strange.” Management highlighted the company was focused on a new strategy for the stores, but would not share any details on the strategy for competitive reasons, Hynes tells investors in a research note. The analyst, however, keeps a Buy rating on the shares citing Walgreens’ current valuation, “strong” cash flow and likely limited downside risk to adjusted earnings estimates

https://bit.ly/2xqi6Fi