Walgreen (NYSE:WAG) Results Show Turnaround

Analysts were responding to the latest quarterly results of Walgreen (NYSE:WAG), where they reported earnings which beat expectations by $0.08.

Goldman Sachs (NYSE:GS) raised their EPS estimates and price target on them, while Susquehanna also raised their EPS on them and price target as well.

Goldman maintains a "Neutral" rating on them and Susquehanna a "Positive" rating.

Walgreen has been slowing turning things around and the latest result seem to confirm they're heading in the right direction with their strategy of investing in their existing stores and slowing down building new ones. They've also started to return more capital to its shareholders.

Walgreen was trading at $38.94, up $0.09, or 0.23 percent, as of 11:32 AM EST.