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Walgreen remains top Citi pick

July 3, 2017

Citi maintains Buy on Walgreens Boosts Alliance (NASDAQ: WBA).

Analyst Alvin Concepcion says the company remains a Top Pick citing underappreciated EPS growth potential. He comments even if Amazon.com (NASDAQ: AMZN) were to attempt to penetrate the pharmacy market, WBA would seek partnership opportunities. He sees potential benefits to the stock as the Rite-Ad (NYSE: RAD) deal concludes and notes the likelihood of pent-up demand in the stock from investors seeking to buy the core business.

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