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News Breaks | | | | December 18, 2012 | | 08:57 EDT |  | WAG | Walgreen weakness would be a buying opportunity, says Susquehanna
Susquehanna remains constructive on Walgreen citing expectations of increases in consensus estimates, accelerating same store sales, and easing comps. The firm views any stock price weakness as a buying opportunity. Shares are Positive rated with a $50 price target. | |
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News For WAG From The Last 14 Days Check below for free stories on WAG the last two weeks. |
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| May 17, 2013 | | 12:33 EDT |  | WAG | AmerisourceBergen receives approval of Walgreens, Alliance Boots investment
AmerisourceBergen (ABC) announced that the parties have received regulatory approval of the previously disclosed agreement for Walgreen (WAG) and Alliance Boots GmbH to purchase an equity stake in the company. AmerisourceBergen continues to expect the new agreements to contribute an incremental $25B in revenues and approximately 20c in earnings per share in FY14, excluding the amortization of certain expenses related to the transaction and the warrants issued, certain non-recurring costs and a potential LIFO charge, and net of certain start up expenses. In addition, the company reiterated its expectations for financial performance for fiscal year 2013, which includes expected revenue growth in the 11%-13% range, and diluted earnings per share from continuing operations in the lower half of the range of $3.04 to $3.14, excluding certain expenses related to the relationship with Walgreens and Alliance Boots and the warrants issued, and the expected LIFO charge from onboarding of additional branded inventory. | | | May 13, 2013 | | 08:32 EDT | | WAG | Walgreens extends CVS Caremark network provider agreement
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