October 03, 2013 at 13:56 PM EDT
Walgreen Partnership With Alliance Boots Paying Off
Walgreen's (WAG) three-way joint venture with fellow pharmacy giant AmerisourceBergen (ABC) and global drug distributor Alliance Boots GmbH is starting to pay big dividends. Barrington Research upgraded Walgreen's stock rating on Thursday to outperform from market perform, with a $65 price target. The investment firm cited Walgreen's solid Q4 performance but noted the upgrade came mainly on its execution so far on the Boots deal. Walgreen, the
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