Walgreens Stock Slides as Analysts Question Store-Closure Impact

Key TakeawaysWalgreens Boots Alliance stock moved lower following a price target cut by TD Cowen.Analysts also reduced their full-year profit forecasts, citing the impact of Walgreens' store-closure plans.Although markets initially reacted positively to Walgreens' turnaround strategy, Cowen's more muted outlook raises questions about the effect of store closures. Shares of pharmacy giant Walgreens Boots Alliance (WBA) tumbled on Tuesday after investment bank TD Cowen cut its price target on the stock to $14 ...