Mizuho sees high likelihood of guidance cut from Walgreens Boots Alliance

Mizuho analyst Ann Hynes reduced her fiscal 2019 and 2020 estimates for Walgreens Boots Alliance. Following comments from the company’s CFO at a competitor conference last month, the analyst finds it prudent to change her estimates.The likelihood of a guidance reduction is high, Hynes tells investors in a research note. She lowered her price target for price target for Walgreens to $67 from $74 and keeps a Neutral rating on the name.

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