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Sell Side Gets Behind Jana’s Walgreen Bet
Jana wants Walgreen to make a move that could boost its share price. Sell-side analysts now think it looks more likely to happen.
Barry Rosenstein, Jana Partners (Bloomberg)When drugstore giant Walgreen Co. earlier this week reported third-quarter results that came in below expectations, the news caused the stock to slide for a fourth straight day. These developments seemed to play right into the hands of Barry Rosenstein’s Jana Partners. In the first quarter the
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