Walgreens Boots Alliance (NASDAQ:WBA) was named a Catalyst Call Buy Idea at Deutsche Bank on Thursday.
The investment bank's analysts, who have a Buy rating and $46 price target on the stock, explained that they are adding WBA's shares as a catalyst call Buy heading into next Tuesday's EPS print, with the F3Q results as the catalyst.
They explained that they view the risk/reward profile as "sharply skewed to the upside should the company deliver against its profitability targets in both the core pharmacy segment and the care delivery segment."
"Should improving trends prove sustainable, we believe multiple expansion and a modest re-rating of the shares could be in order," the analysts added.
WBA shares are up 0.9% so far on Thursday. However, the stock is down more than 15% in 2023.