The share price of Walgreens Boots Alliance (NASDAQ: WBA) was moving up on Tuesday, rising 3% higher shortly after the opening bell. At noon ET, it was still up about 1.8%, trading at $41.32.
It looked to be a positive day on Wall Street, as all three indexes up in the morning, led by the Dow Jones Industrial Average , which had gained about 283 points as of noon ET.
The catalyst for Walgreens on Tuesday was a vote of confidence by a Wall Street analyst at Cowen . Charles Rhyee boosted Walgreens' price target to $54 per share, from $43, and upgraded it to outperform from market perform.
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Why Walgreens Boots Alliance Was Trading Higher on Tuesday