Shares of Walgreens Boots Alliance Inc. rallied 1.6% in premarket trading Friday, after J.P. Morgan turned bullish on the drugstore chain and healthcare services company, citing expected benefits from the company's"transformational consumer-centric healthcare strategy." Analyst Lisa Gill noted Walgreens has"significantly invested" in the launch of Walgreens Healthcare, which looks to improve outcomes and lower overall costs.
Morgan turned bullish on the drugstore chain and healthcare services company, citing expected benefits from the company's"transformational consumer-centric healthcare strategy." Analyst Lisa Gill noted Walgreens has"significantly invested" in the launch of Walgreens Healthcare, which looks to improve outcomes and lower overall costs. Gill also believes Walgreens will gain share in the retail pharmacy market over the long term.