Will This Downgrade Hurt Walgreen (WAG) Stock Today?

NEW YORK (TheStreet) -- Walgreen Co. (WAG) was downgraded to "equal-weight" from "overweight" at Barclays on Monday.

The firm said it lowered its rating on the retail drugstore chain as it believes the company's earnings guidance is no longer as conservative as it once seemed.

Barclays cut its price target on Walgreen to $68 from $92.

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Shares of Walgreen are lower by 0.87% to $62.33 in pre-market trading today.

WAG Chart WAG data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

 

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