Is Walgreen Headed to $50 and Beyond?

Filed under: Walgreen Co (WAG), Stocks to Buy

Walgreen Company (WAG), first written about here on February 17, 2009 at a price of $25.46, has pulled-back slightly, to about $41 after testing $44 in the winter, and if you haven't already, now would be a good time to consider taking some profits, if you're in at/near $25.50.



Others who can tolerate the risk can maintain their full position in WAG, as the uptrend is likely to resume after this respite.



Look for drug store chain giant Walgreen's revenue to rise about 4-6% in FY2011, boosted by the addition of about 250 net new store openings. The front-store traffic trend in this more than 8,300-store chain should receive a modest tailwind from store remodelings, and back-store (pharmacy) margins should be adequate, aided higher-margin generic drugs.

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Is Walgreen Headed to $50 and Beyond? originally appeared on BloggingStocks on Mon, 21 Mar 2011 17:40:00 EST. Please see our terms for use of feeds.

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