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Acquisitions, Recognitions, New Stores, and Positive Sales Results - Analyst Notes on Walgreen, Best Buy, McKesson, Target, and Rite Aid

Editor Note: For more information about this release, please scroll to bottom.

NEW YORK, April 11, 2014 /PRNewswire/ --


Today, Analysts Review released its analysts' notes regarding Walgreen Company (NYSE: WAG), Best Buy Co., Inc. (NYSE: BBY), McKesson Corporation (NYSE: MCK), Target Corporation (NYSE: TGT), and Rite Aid Corporation (NYSE: RAD). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

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Walgreen Company Analyst Notes 

On April 3, 2014, the Walgreen Company (Walgreens) announced the signing of a definitive agreement with Water Street Healthcare Partners (Water Street) under which Water Street will acquire a majority interest in a Walgreens subsidiary - Take Care Employer Solutions, LLC. Walgreens further stated that Water Street has also signed an agreement to simultaneously invest in CHS™ Health Services (CHS). The Company informed that Water Street will merge Take Care Employer Solutions and CHS to form a new company dedicated to providing worksite health centers that improve the cost and quality of employee health care. According to the Company, Water Street will own a majority interest in the new company, while Walgreens will own a significant minority interest. Walgreens informed that the transaction is expected to close by mid-calendar year 2014. The full analyst notes on Walgreen Company are available to download free of charge at:

http://www.AnalystsReview.com/04112014/WAG/report.pdf

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Best Buy Co., Inc. Analyst Notes 

On April 3, 2014, Best Buy Co., Inc. (Best Buy) reported that it has been named by the U.S. Environmental Protection Agency (EPA) as a 2014 ENERGY STAR® Partner of the Year - the only consumer electronics retailer to be named so. The Company stated that EPA has recognized its substantial contributions to reducing greenhouse gas emissions and educating consumers about energy efficiency. Best Buy added that the ceremonies for recognizing the Company will take place on April 29, 2014 in Washington D.C. The Company stated that it received this recognition as its certified products helped its U.S. customers save over $76 million in utility bills in 2013. The full analyst notes on Best Buy Co., Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04112014/BBY/report.pdf

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McKesson Corporation Analyst Notes 

On April 3, 2014, the McKesson Corporation (McKesson) announced that it was ranked 8th on this year's InformationWeek Elite 100, a list of the top business technology innovators in the U.S., in recognition for its development of McKesson OneCloud, an internally developed private and public cloud capability used in the development of internal and customer-facing solutions. According to McKesson, OneCloud enables its technologists to meet the demands for secure, regulated exchange of healthcare information, while providing the organization with low-cost agile development environments. Commenting on the recognition, Randy Spratt, Chief Information Officer and Chief Technology Officer, McKesson, stated, "McKesson is honored to be recognized as one of today's top technology innovators. As a leader in healthcare, McKesson is committed to evolving our business through the innovative use of technology to shape the future of healthcare and to help our customers and their patients achieve better health." The full analyst notes on McKesson Corporation are available to download free of charge at:

http://www.AnalystsReview.com/04112014/MCK/report.pdf

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Target Corporation Analyst Notes 

On April 2, 2014, Target Corporation (Target) announced its plans to open a new store in Westwood, Massachusetts in March 2015. According to Target, the new 135,000 sq. ft. store will be located on University Avenue, between Route 129 and Canton Street, as part of the new University Station development. The Company stated that the new store will provide guests a destination for everyday discovery by offering a wide assortment including fresh food selections, household essentials, home furnishings, electronics, sporting goods, toys and apparel and accessories. According to Target, the Westwood location will be the Company's 26th store in the Boston area, and will employ approximately 200 team members. The full analyst notes on Target Corporation are available to download free of charge at:

http://www.AnalystsReview.com/04112014/TGT/report.pdf

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Rite Aid Corporation Analyst Notes 

On April 3, 2014, Rite Aid Corporation (Rite Aid) released its March 2014 sales results, with same stores sales up 0.7% YoY. Rite Aid also reported that March front-end same store sales decreased 5.0%, with 4.1% of the decrease attributable to a shift in the timing of Easter. The Company stated that pharmacy same store sales increased 3.5% and prescription count at comparable stores grew 1.1% YoY. Rite Aid added that its total drugstore sales for March 2014 increased 0.4% to c.$1.95 billion compared to c.$1.94 billion in March 2013, with prescription sales accounting for 69.4% of drugstore sales, and third party prescription sales representing 97.4% of pharmacy sales. The full analyst notes on Rite Aid Corporation are available to download free of charge at:

http://www.AnalystsReview.com/04112014/RAD/report.pdf

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EDITOR NOTES: 

  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  • Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
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NOT FINANCIAL ADVICE 

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