Walgreens Boots initiated as a buy at Loop on platform with access to healthcare services
Justin Sullivan


Loop Capital has begun Walgreens Boots Alliance (NASDAQ:WBA) with a buy rating saying that the drug store chain's new platform will provide its customers easier access to other healthcare services.
"Over the past two years the company has also lowered its costs and assembled a portfolio of health care providers that we expect to strengthen WBA's core retail business and accelerate its growth and profitability by increasing its engagement with consumers," the firm wrote in a note.

Walgreens (WBA) is already the majority owner of value-based primary care services provider VillageMD.
In October 2022, Walgreens (WBA) acquired the rest of the stake it didn't already own in post-acute and home care services provider CareCentrix.
Read why Seeking Alpha contributor Juxtaposed Ideas is bullish on Walgreens (WBA).