This morning, UBS increased its price target on shares of Walgreen (WAG) to $39 following strong earnings from the company yesterday morning. With the higher price target, UBS increased its EPS estimates and reiterated its buy rating.
Shares of Walgreen were higher on Wednesday, picking up 0.8% so far.
And Morgan Stanley increased its EPS estimates on shares of VMWare (VMW) through 2013 as the firm expects growth rates in excess of 20% for the next few years. In the report, Morgan Stanley maintained its overweight rating and set a new $130 price target.
Shares of VMWare were higher on the news, gaining 1% today.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.