Tag: Walgreens stock
CVS Health (CVS) again beat analysts' revenue and EPS estimates when it released its Q3 earnings today. Its stock was up about 3% in premarket trading.
Walgreens is scheduled to report its fourth-quarter earnings before the markets open on October 28. We expected a limited downside in Walgreens stock.
Deutsche Bank started coverage on Walgreens stock with a “sell” recommendation. The stock closed 4.3% lower on Thursday after the news.
Walgreens stock is underperforming and is trading at a low valuation. Despite this low valuation, the stock's recovery could take time.