downgrade the stock from Hold to Sell, accompanied by a reduction in the price target to $9 from $11. Analyst George Hill expressed skepticism regarding the potential buyout by Sycamore Partners, describing it as "incredibly complicated" and unlikely to offer a premium over the current share price. Hill highlighted challenges within Walgreens' core U.S. business, including substantial debt, opi--d-related liabilities, and a pending $2.7 billion IRS tax dispute, as factors contributing to the downgrade.
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Google search shows the $2.7 billion IRS issue was reported last April. Any new developments? Haven't heard anything lately.