Related: With Rite Aid stores under its wings, Walgreens prepares to take down rivals
Walgreens, which recently completed the purchase of nearly half of rival Rite Aid’s (RAD) stores, has been under intense pressure to secure its position in the healthcare space – considering another rival CVS Health (CVS) is close to acquiring Aetna (AET) later this year. Investors too are eagerly waiting for the company to roll out a new strategy and format for its stores amid the threat that Amazon would enter the pharmacy space.
Though not a big deal like CVS, Walgreens has entered into several partnerships over the period of time. The latest partnership is Humana (HUM). Both the companies together plan on operating primary care centers for senior citizens. According to MarketRealistic, none of the analysts have a SELL recommendation for the stock. 52% of the analysts rate the stock a BUY and remaining 48% recommend a HOLD rating.