Drug Retail

Citigroup is raising its target on shares of Walgreen Co. (NYSE: WAG) from $31 to $33. “We are raising our F2011 EPS estimate to $2.54, up from $2.44 previously,” Citigroup writes. Walgreen closed Wednesday at $38.85.

Jefferies is raising its price target on Walgreen Co. (NYSE: WAG) from $45 to $48. Jefferies has also made some adjustments to its estimates for 2Q, 3Q, 4Q, FY11 and FY12 to $0.78, $0.66, $0.56, $2.62 and $3.04, respectively, from $0.77, $0.63, $0.56, $2.49 and $2.95. “The estimates largely reflect...

JP Morgan has raised the price target on Walgreen Company (NYSE: WAG) from $38 to $39.

Citigroup has raised the price target on Walgreen Company (NYSE: WAG) from $31 to $33.

Jefferies & Company has raised the price target on Walgreen Company (NYSE: WAG) from $45 to $48.

Shares of Walgreen Co. (NYSE: WAG) are trading up 5.8% at $38.97 per share during the Wednesday afternoon trading session. Earlier today, Walgreen Co. reported earnings of 62 cents per share, on revenue of $17.34 billion, which beat consensus Wall Street estimates of 54 cents earnings per share, on...

Leading U.S. drug retailer Walgreen Company (WAG) reported first-quarter fiscal 2011 (ended November 30) earnings of 62 cents per share, comfortably beating the Zacks Consensus Estimate of 54 cents while exceeding the year-ago earnings of 49 cents. The year-ago quarter's results include 3 cents...

Leading U.S. drug retailer Walgreen Company (WAG) reported first-quarter fiscal 2011 (ended November 30) earnings of 62 cents per share, comfortably beating the Zacks Consensus Estimate of 54 cents while exceeding the year-ago earnings of 49 cents. The year-ago quarter's results include 3 cents...

Regional - Southeast Banks industry trades 4.49% higher on Wednesday. In the space, BancorpSouth, Inc. (NYSE: BXS) advanced 10% on a huge volume. Its average volume is 719K traded shares, and today, 2.30M shares have already been traded. First Horizon National Corporation (NYSE: FHN) is also doing...

By 10:55 am, the Dow Jones Industrial Average was up 9.46 points, or 0.08%, to 11,542.62, while the broader Standard & Poor's 500 index had gained 2.20 points, or 0.18%. The NASDAQ composite index fell 0.25 point, or 0.01%. Some of the narrow based indexes supporting the markets are Drug Store...

At 10:16 am, the Dow gained 0.04% to 11,537.81, the broader Standard & Poor's 500 index moved up 0.18% to 1,256.88 and the NASDAQ composite index rose 0.11% to 2,670.61. The industries that are driving the market today are: Drug Stores: This industry jumped 4.79% by 10:16 am. The top stock...

• Walgreen (NYSE:WAG) reported better-than-expected fiscal first quarter earnings of $0.62, ahead of the Zacks Consensus Estimate of $0.54, on revenues of $17.34 billion, that topped the Zacks Consensus Estimate of $17.29 billion • Navistar International (NYSE:NAV) reported fiscal third quarter...

• Walgreen (NYSE:WAG) reported better-than-expected fiscal first quarter earnings of $0.62, ahead of the Zacks Consensus Estimate of $0.54, on revenues of $17.34 billion, that topped the Zacks Consensus Estimate of $17.29 billion • Navistar International (NYSE:NAV) reported fiscal third quarter...

Walgreen (WAG) weighed in Wednesday with a 19% increase in fiscal first-quarter earnings, beating Wall Street's expectations. The Deerfield, Ill.-based drug-store chain said it earned $580 million, or 62 cents a share, in the quarter ended Nov. 30. A year earlier it earned $489 million, or 49 cents...

Shares of Walgreen Co (NYSE: WAG) gained about 8.2% after the company reported better-than-expected FQ1 earnings. The company's profit came in at $0.62 per share, up from $0.49 per share, in the year-ago period. The company's sales increased 6% y/y to $17.3 billion. However, analysts were expecting...