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Walgreen Boots Alliance (WBA) stock was downgraded to Sell from Hold by Deutsche Bank analysts, the team also cutting its price target to $9 from $11 per share.

Julie Hyman and Josh Lipton break down the analyst commentary, which cites that the pharmacy chain's deal to go private with Sycamore Partners is "unlikely to be consummated at a premium to the current share price."

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This post was written by Luke Carberry Mogan.