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☆ Attention Walmart Shoppers: You may soon be hit with a slew of ads while shopping
▼ + stars: | 2023-08-02 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +4 min

Walmart is expanding its in-store advertising, as first reported by CNBC. One analyst said that we may be at an "inflection point" for in-store advertising opportunities. While Walmart is expanding its third-party advertisements in stores, it has shown ads through digital screens, TVs, and self-checkout registers for years. Retailers, like Walmart, are beginning to look to their physical stores as ways to bring in more advertisement revenue. Though in-store advertising "remains a nascent market segment," shoppers should be "thought of as 'eyeballs' for brands to reach," the report said.

Persons: there's, Andrew Lipsman, Lipsman Organizations: Walmart, CNBC, Service, Target, Kroger, Intelligence, CNBC . Retailers, Insider Intelligence Walmart, Walmart Radio, Walgreens, Costco Locations: Wall, Silicon

☆ GSK sues Pfizer in U.S. court for patent infringement over RSV vaccine
▼ + stars: | 2023-08-02 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

GlaxoSmithKline on Wednesday sued Pfizer in U.S. court, alleging patent infringement over Britain-based GSK's respiratory syncytial virus vaccine. GSK claims Pfizer's RSV vaccine, Abrysvo, infringes on four of its patents related to the antigen used in its own shot. "Upon information and belief, Pfizer knowingly uses GSK's claimed inventions in Abrysvo without permission," GSK wrote in a scathing complaint filed in federal court in Delaware. They are the first shots approved to prevent RSV, a common respiratory infection that usually causes mild, cold-like symptoms, but more severe cases in older adults and children. Each year, RSV kills 6,000 to 10,000 seniors and a few hundred children younger than 5, according to CDC data.

Persons: infringes Organizations: GlaxoSmithKline, Wednesday, Pfizer, GSK, U.S . Food, Drug Administration, Walgreens Locations: Britain, Delaware

☆ Vaccines for flu and RSV now available ahead of fall virus season
▼ + stars: | 2023-08-01 | by ( Amanda Musa | ) edition.cnn.com time to read: +5 min

CNN —With the fall respiratory virus season just around the corner, major US pharmacy chains have begun rolling out flu and RSV vaccine appointments. CVS is now scheduling flu vaccinations, as well as allowing walk-in vaccinations at certain pharmacies, spokesperson Amy Thibault said. Rite Aid, CVS and Walgreens say they will also offer the new Covid-19 vaccines once they’re available. The US Food and Drug Administration approved the world’s first RSV vaccines, from GSK and Pfizer, this year. Those who want all three vaccines should get their RSV vaccine well before or after their flu and Covid-19 shots, Schaffner says.

Persons: Catherine Carter, Amy Thibault, Xavier Becerra, Becerra, Albert Bourla, William Schaffner, it’s, ” Schaffner, Schaffner, Dr, Sanjay Gupta, “ We’re, “, ” Organizations: CNN, Walgreens, Aid, CVS, Walmart, Publix, Kroger, Rite, FDA, US Centers for Disease Control, US Department of Health, Human Services, Pfizer, Moderna, Food and Drug Administration, GSK, Vanderbilt University Medical Center, CDC, CNN Health

☆ Elon Musk says more people need to come to work in San Francisco or the city will struggle to survive
▼ + stars: | 2023-08-01 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Elon Musk is encouraging workers to move to San Francisco to help the city survive its doom loop. Elon Musk is encouraging people to move to San Francisco and work there because he says the "city can't survive" unless it overcomes the urban doom loop. San Francisco, beautiful San Francisco, though others forsake you, we will always be your friend." San Francisco is struggling with a huge homeless population and increased crime, including theft and assault, according to retailers. In May, Musk said that downtown San Francisco was a "once beautiful and thriving" area but that it had become a "derelict zombie apocalypse."

Persons: Elon Musk, Twitter's, Twitter, Musk, Nordstrom, Critics Organizations: Morning, Walgreens, Foods, Paypal Locations: San Francisco, San Fransisco

☆ Amazon Clinic rolls out nationwide as e-commerce giant expands its health care footprint
▼ + stars: | 2023-08-01 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

Amazon Clinic launched last November and offers customers 24/7 access to third-party health-care providers directly on Amazon’s website and mobile app. Amazon Clinic currently does not accept insurance, but medication prescribed by clinicians may be covered by insurance. Amazon’s foray into the health care space comes as other retailers have made similar moves, from CVS to Walgreens to Walmart. From AmazonIn recent years, Amazon has gradually been growing its footprint in the health care sector. Earlier this year, Amazon also closed its acquisition of health care provider One Medical in a $3.9 billion deal.

Persons: ”, Nworah Ayogu, Ayogu, Berkshire Hathaway Organizations: New, New York CNN, D.C, Amazon Clinic, CVS, Walgreens, Walmart, Amazon, Amazon Pharmacy, JPMorgan Chase Locations: New York, Washington

☆ CVS to slash 5,000 jobs as company deepens costly health-care push
▼ + stars: | 2023-08-01 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

CVS Health is cutting 5,000 jobs to reduce costs as the retail pharmacy giant furthers its push into health-care offerings, a person familiar with the matter told CNBC on Tuesday. The pharmacy chain had about 300,000 employees in the U.S. at the end of last year, according to a securities filing. A CVS spokesperson confirmed the layoffs and said they are not expected to affect "customer-facing colleagues in our stores, pharmacies, clinics, or customer services centers." But CVS has sharpened its focus on health care over the past few years, following similar moves by rivals such as Walgreens and tech giant Amazon . The company moved deeper into patient care with its nearly $8 billion acquisition of health-care provider Signify Health and $10.6 billion deal to buy Oak Street Health, which operates primary care clinics for seniors.

Organizations: CVS, CNBC, Street Journal, Rhode, Walgreens, Oak Street Health Locations: U.S

☆ Walgreens is now offering RSV vaccines for older adults
▼ + stars: | 2023-08-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Walgreens is now offering the respiratory syncytial virus vaccine for older adults nationwide, the pharmacy chain said on Tuesday. This is the first RSV season in which older adults have the option to get vaccinated against the virus. The Food and Drug Administration approved the first RSV vaccines, made by Pfizer and GSK, last spring. The virus kills 6,000 to 10,000 older adults and hospitalizes 60,000 to 160,000 every year, according to the Centers for Disease Control and Prevention. The RSV vaccines are now available in most states and appointments will be added on a rolling basis over the next two weeks as more pharmacies receive the shots, according to Walgreens.

Organizations: Walgreens, Drug Administration, Pfizer, GSK, Centers for Disease Control, CDC Locations: DC , Maryland , Massachusetts, New York, Georgia , Iowa , Indiana , Kentucky , Missouri , Oregon, Puerto Rico, South Carolina, Utah

☆ Barcode scanner maker Zebra's profit outlook disappoints as clients cut tech spending
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Barcode scanner maker Zebra Technologies (ZBRA.O) forecast third-quarter adjusted profit widely below market estimates on Tuesday as economic uncertainty hit corporate tech spending. The company, whose customers include the U.S. Postal Service and Walgreens Boots Alliance (WBA.O), expects quarterly adjusted profit between 60 cents and $1 per share, compared with estimates of $3.77 per share, according to Refnitiv. Its operating expenses decreased to $344 million in the second quarter ended June 30, from $370 million a year earlier. Adjusted profit for the reported quarter came in at $3.29 per share, compared with estimates of $3.28.

Persons: Tanya Jain, Shailesh Organizations: Zebra Technologies, U.S . Postal Service, Walgreens Boots Alliance, Revenue, Thomson Locations: Refnitiv, Bengaluru

☆ How America's biggest retailers plan to use technology to catch organized retail theft
▼ + stars: | 2023-07-29 | by ( Bob Woods | ) www.cnbc.com time to read: +7 min

"We're seeing a lot of tech vendors layering AI onto existing technologies," said Christian Beckner, vice president of retail technology and cybersecurity for the National Federation of Retailers, a Washington, D.C.-based trade association. said Dr. Read Hayes, director of the Loss Prevention Research Council, a think tank comprising researchers, retailers, technology companies, manufacturers and law enforcement professionals. And many of the crimes that are being classified as organized retail theft are not taking place in stores, but at various points throughout the supply chain and distribution systems that require their own solutions. It's now harnessing AI to analyze metadata from video images captured by cameras installed outside and inside of retail environments. Some retailers are using camera systems featuring facial recognition software to help identify criminals, despite legal and privacy concerns.

Persons: they're, Christian Beckner, Beckner, Read Hayes, Hayes, Dan Berthiaume, —, James Stark, Stark, that's, David Johnston, Johnston Organizations: Getty, Walmart, Target, Kroger, Macy's, CVS, National Federation of Retailers, D.C, Prevention Research Council, University of Florida, National Coalition of Law, Walgreens, Ucg, Axis Communications, Canon Locations: Washington, Gainesville, Queens , New York, Swedish

☆ Don't waste money on biotin or collagen supplements, dermatologists say: The better way to get 'beauty' nutrients
▼ + stars: | 2023-07-22 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

From 2011 to 2020, the percentage of Americans who reported taking a hair, skin and nail vitamin in the past month rose from 2.5% to 4.9%. "Someone died because a heart attack was missed [during testing]," Friedman explains, saying that the patient's troponin levels weren't showing any sign for concern. "They weren't elevated in this one individual who was taking a biotin supplement for hair growth." Biotin, or vitamin B7, is commonly found in most foods and multivitamins, so people rarely need supplements, anyway, says Friedman. "If you were biotin deficient, you wouldn't be going to Walgreens to buy a bottle of biotin," he says.

Persons: Dr, Rebecca Hartman, Hartman, Adam Friedman, Friedman Organizations: American Academy of Dermatology, Harvard Medical School, CNBC, U.S . Food, Drug Administration, George Washington University, Walgreens Locations: U.S

☆ Some San Francisco Safeway stores added gates barring shoppers from leaving unless they scan a receipt. It's an anti-theft measure that has spread across the UK.
▼ + stars: | 2023-07-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Safeway has installed receipt-scanning gates at some supermarkets in the San Francisco Bay Area. The technology has already been rolled out at multiple UK retailers, and shoppers are skeptical. A Reddit post from this spring, meanwhile, showed the gates at another Safeway location in San Francisco. Security gates at self checkouts is more common in the UKAcross the Atlantic in the UK, a handful of retailers already use the receipt-scanning gates at self-checkout areas. Some people have compared the security gates to Costco's receipt-checking system.

Persons: that's, Primark, Betty Yu, Alex Bitter Organizations: Safeway, San Francisco Bay Area, Service, California Safeway, San Francisco Chronicle, University of California, Daily, Morrisons, Costco, Sun, Twitter, Walgreens, CBS, KPIX, Area Locations: San Francisco Bay, Wall, Silicon, Bay, Berkeley, San Francisco ., Edinburgh, San Francisco

☆ How to save San Francisco
▼ + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +18 min

But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. Paul Chinn/The San Francisco Chronicle via Getty ImagesThis is just a matter of good old-fashioned supply and demand. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.

Persons: Nobody's, I've, It's, it's, who'd, Paul Chinn, nix, aren't, rafter, Tayfun, Francis Wood, fixable, Berkeley, Adam Rogers Organizations: Liberal, Homelessness, Bay Area, Pride, Black Panthers, Washington Monthly, San Francisco, Getty, SF, Supervisors, Crafts, Planners, Foods, Anadolu Agency, Walgreens, Nordstrom, Unit Locations: San Francisco, Bay, Francisco, California, Black, Los Angeles, Boston , New York, Washington, United States, Barcelona, Paris, St, Barbary, Hong Kong, Mexico City, Angeles, Houston, Helsinki, East, Treasure, Emeryville

☆ San Francisco’s ‘doom loop’ is a warning for every American city. Here’s how we can fix it — before it’s too late.
▼ + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +18 min

If you want to rile up a San Francisco native, mention the doom loop. But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.

Wegovy is a weekly injection that can help patients shed 15% of their weight alongside diet and exercise changes. Walgreens (WBA.O), one of the biggest U.S. pharmacies, is experiencing supply shortages for the higher strengths, spokesperson Erin Loverher confirmed. Doctors in six U.S. states told Reuters patients are reporting problems filling their prescriptions for the higher doses. Three of the doctors said supply delays at pharmacies had resulted in patients missing their Wegovy injections at the prescribed weekly interval. "Patients are often having to delay their injections because it's harder for pharmacies to get Wegovy in stock," he said.

Persons: Erin Loverher, Novo, Alicia Shelly, Shelly, Robert Kushner, Wegovy, Kushner, Denise Wells, Wells, Holly Lofton, New York University Langone, Disha Narang, Narang, Maggie Fick, Patrick Wingrove, Elissa Welle, Caroline Humer, Bill Berkrot Organizations: Reuters, Walgreens, Wellstar, Northwestern University's Feinberg School of Medicine, Amazon Pharmacy, New York University, Northwestern Medicine, Barclays Research, Novo, Thomson Locations: U.S, Danish, Georgia, Chicago, Michigan, Chicago , New York, San Francisco, Detroit, Atlanta, Charlottesville , Virginia, London, New York

☆ Uninsured US patients pay up to $330 for Eli Lilly’s $25 insulin, Senator Warren says
▼ + stars: | 2023-07-13 | by ( Patrick Wingrove | ) www.reuters.com time to read: +3 min

Warren’s survey of chain and independent pharmacies across all 50 states, carried out between June 9 and 28, found a third of drug stores charged $164 or more to uninsured patients for Lilly’s Insulin Lispro. Lilly said at the time it would drop the price of its Lispro insulin injection, a generic version of its own branded Humalog, to $25 a vial. The senator’s office found chain stores charged uninsured customers an average of $123 per vial for the generic insulin, compared to $63 at independent pharmacies. “This is a deeply troubling finding, revealing that the pharmacies offering the most affordable Insulin Lispro were the least likely to have it in stock,” the report said. Around 8.4 million of the 37 million people in the United States with diabetes use insulin, according to the American Diabetes Association.

Persons: Eli Lilly, George Frey, Eli, Elizabeth Warren’s, Lilly, Joe Biden’s, drugmaker, Warren, Patrick Wingrove, Caroline Humer, Bill Berkrot Organizations: Company, REUTERS, Novo Nordisk, Sanofi, U.S, National Community Pharmacists Association, Democrat, Walgreens Boots Alliance, Walmart, Rite, CVS Health, Aid, CVS, Walgreens, Rite Aid, American Diabetes Association, Thomson Locations: Provo , Utah, U.S, Indianapolis, United States, New York

☆ Elizabeth Holmes now has a shorter prison sentence, but she'll still owe victims $452 million along with her former Theranos partner. She might never have to fully pay up.
▼ + stars: | 2023-07-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

A federal court ordered Elizabeth Holmes and Sunny Balwani to pay $452 million. Defendants hit with such orders to pay victims may see it come out of any eventual wages they earn. So how will Holmes and her former business partner Sunny Balwani navigate a $452 million restitution order? Former Theranos CEO Elizabeth Holmes arrives at federal court with her partner Billy Evans on November 18, 2022. According to the restitution order, Holmes and Balwani are responsible for $125 million in restitution to Murdoch, $40 million to Walgreens, and $14.5 million to Safeway.

Persons: Elizabeth Holmes, Sunny Balwani, Rupert Murdoch, Holmes, Daniel Richman, Evan Gotlob, Saul Ewing, Billy Evans, Justin Sullivan, Justice Department's, It's, Balwani, Insider's, Murdoch, Gotlob, There's Organizations: Morning, News Corp, Walgreens, Safeway, Forbes, Federal, Office, Columbia Law School, Justice, US, Prosecutors Locations: California, Arizona, Manhattan, Boston, Northern California

Fitbit's Versa line of wearables remains some of the best fitness trackers on the market. Because Fitbit stopped selling the Versa 3, you may even consider a refurbished model of the device instead of upgrading to the Versa 4. Fitbit Versa 4 vs. Fitbit Versa 3: Smartwatch performanceOne of our biggest gripes about the Fitbit Versa 4 is its lack of support for third-party apps. Fitbit Versa 4 vs. Fitbit Versa 3: Health and fitness trackingRick Stella/InsiderTracking features are roughly identical for the Versa 3 and 4, which means there isn't much of an upgrade. Fitbit Versa 4 vs. Fitbit Versa 3: Battery lifeFinally, the Versa 4 can boast one advancement: The battery life is markedly better than the Versa 3's.

Persons: we've, Fitbit, Pink Clay, Rick Stella, it's, we're, hasn't, we'd Organizations: Google, Amazon Alexa, iOS Battery, Versa, Spotify, Walgreens, Fitbit, Apple

☆ Cramer examines the worst performers from the first half of 2023, explains why the market seems narrow
▼ + stars: | 2023-07-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said Wednesday that if investors are waiting for the market to broaden for a rally, they may as well be "Waiting for Godot." Cramer examined the ten worst performers for the first half of the year in both the Dow and the S&P 500, explaining the internal and external challenges these companies might be facing. "How the heck can this market broaden out when so many companies have simply become have-nots, either because of the yield curve or lawsuits or sector-wide woes that prevent them from doing well in this environment," Cramer said. In the Dow, Johnson & Johnson , which is owned by CNBC's Charitable Trust, Walgreens and Nike are among the worst performers. "So why not just go with what's working instead of waiting for what's clearly not working, and stop thinking that things have to broaden out before you should get interested," he said.

Persons: CNBC's Jim Cramer, Cramer, Johnson, Charles Schwab Organizations: Dow, Johnson, CNBC's Charitable Trust, Walgreens, Nike, Advance, Federal Reserve, Nasdaq Locations: Moderna

☆ Take-Two, this drug name are among the most overbought stocks on Wall Street. Here are the others
▼ + stars: | 2023-07-03 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Investors were snapping up shares of stocks including AmerisourceBergen and Take-Two in the last two weeks of the second quarter. CNBC Pro compiled the other most overbought stocks below: Airline stocks Southwest and Delta made the list, with both having an index above 90. Wall Street has a favorite among the two competitors: nearly 86% of analysts rate Delta a buy compared with nearly 43% for Southwest. But Wall Street does expect the 2023 rally to continue, with the average price target implying a nearly 7% upside from here. But the average Wall Street analyst expects shares to rally more than 25% in the next year.

Persons: AmerisourceBergen, Mills, General Mills, Zions Bancorporation, Fred Imbert Organizations: Walgreens, Nasdaq, CNBC Pro, Delta, Southwest Locations: Delta, FactSet

☆ Retail crime has hit a bustling Kansas metropolis
▼ + stars: | 2023-07-02 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +12 min

Republican Kris Kobach, Kansas’ attorney general, said retail crime is a “spiraling problem” in his state, adding that Kansas and Missouri are among the top 10 states in the nation for volume of retail crime. “There is a link between drug trafficking and organized retail crime,” Kobach told lawmakers in June. “Organized retail crime is a problem that is getting worse, not better. Organized retail crime offers criminals a business model of pure profit, “with no overhead, rent, product cost. In early June, Kobach testified before a House Judiciary Committee hearing on “Organized Retail Crime and the Threat to Public Safety.”“When one thinks about the explosion of organized retail crime in the United States, the State of Kansas may not intuitively jump to mind,” he told lawmakers.

Persons: They’re, it’s, Coleman, “ I’ve, ”, Casey Slaughter, Kris Kobach, Kobach, ” Kobach, Joe Sullivan, Sullivan, ” Sullivan, Joe Sohm, Cabela’s, shoplifters, ” Cabela’s, Slaughter, “, Marc Bennett, There’s, Harold Casey, Casey, She’s, Poor, John Hanna, don’t, “ That’s Organizations: New, New York CNN, Wichita Police, Kansas, CNN, “, Wichita, Wichita Skyline, America, Sporting Goods, Academy Sports, National Retail Federation, Centers for Disease Control, of Kansas, Scott, Family Services, ”, Walgreens, Public Safety Locations: New York, San Francisco, Chicago, Wichita , Kansas, Kris Kobach , Kansas, Kansas, Missouri, In Kansas, Sedgwick, Wichita, Arkansas Rivers, , Kansas, ”, Kansas . Kansas, Sedgwick County, Ulta, United States, State, But Kansas, “ In Kansas

☆ The Score: Apple, Lordstown Motors, Walgreens and More Stocks That Defined the Week
▼ + stars: | 2023-07-01 | by ( Francesca Fontana | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/apple-stock-lordstown-motors-nvidia-carnival-walgreens-jpmorgan-b2a6cfbd

Persons: Dow Jones Organizations: nvidia, walgreens, jpmorgan

☆ Walgreens is closing 450 locations
▼ + stars: | 2023-06-30 | by ( Ramishah Maruf | ) edition.cnn.com time to read: 1 min

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☆ TikTokers say berberine is 'nature's Ozempic': Here's what doctors want you to know about the buzzy supplement
▼ + stars: | 2023-06-28 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

The rise in the use of Ozempic for reasons beyond treating diabetes has led to a national shortage. Now, attention has shifted to a dietary supplement called berberine, which is being touted on social media as "nature's Ozempic." Similar to Ozempic, berberine decreases blood sugar and can lead to weight reduction, says Giordano who is also co-founder of Rebesana, a company that researches healthspan and lifespan. "It doesn't slow down how the stomach empties, which is one of the main ways that Ozempic and Mounjaro work." But Giordano says berberine appears to have great health benefits that far exceed weight loss: "I don't know why doctors don't recommend this regularly."

Persons: Elon Musk, Dr, Carl Giordano, Giordano, Neil Paulvin, berberine Organizations: CNBC, Rite Aid, Walgreens Locations: New Jersey, goldenseal, Oregon, NY

☆ Here are Wednesday's biggest analyst calls: Delta, Netflix, Pinterest, Nvidia, Pepsi, Deere, Nike and more
▼ + stars: | 2023-06-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Snowflake as buy Goldman said it's standing by its buy rating after the company's investor day. JPMorgan reiterates Pepsi as overweight JPMorgan said Pepsi is a "safe haven" heading into earnings in July. Wells Fargo upgrades Pinterest to overweight from equal weight Wells Fargo said it sees "above-consensus revenue growth" for Pinterest. Deutsche Bank downgrades Walgreens to hold from buy Deutsche Bank downgraded the stock after its disappointing earnings results earlier this week. Deutsche Bank initiates Western Alliance as hold Deutsche Bank said the regional bank's "funding pressures persist."

Persons: Goldman Sachs, Goldman, Snowflake, it's, Wells, Wells Fargo, Daiwa downgrades Uber, EBITDA, Deere, Canaccord, Oppenheimer, Morgan Stanley, CarMax, Needham, CFRA, KeyBanc Organizations: Nvidia, JPMorgan, Pepsi, Nike, Netflix, Deutsche Bank, Walgreens, RBC, Western Alliance, KMX, Delta, Barclays, Bank of America, Old Dominion, of America, Dominion, ZoomInfo Technologies, Lincoln, EV Locations: China, NVDA, Canada, Old

☆ Deutsche Bank downgrades Walgreens on worrying outlook for pharmacy stock
▼ + stars: | 2023-06-28 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Walgreens ' management just flashed a warning sign for the year ahead, and Deutsche Bank thinks investors need to stay on the sidelines on the stock. The bank downgraded the pharmacy stock to hold from buy on Wednesday and lowered its price target to $34 per share price from $46. WBA YTD mountain Walgreens stock is down more than 23% so far this year. Hill noted that Walgreens now expects fiscal 2023 adjusted EBITDA between losses of $380 million and $340 million. Walgreens also cut its fiscal fourth-quarter earnings guidance and reported a weaker-than-expected fiscal third-quarter profit .

Persons: George Hill, Hill, — CNBC's Michael Bloom Organizations: Walgreens, Deutsche Bank, WBA Locations: F3Q

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