WBA Stock Rises on Upgrade as New CEO Wentworth Ushers in New Era Despite Mixed Results
- WBA stock jumped on upgrade and price target hike from JPMorgan.
- New CEO Tim Wentworth seen as starting a "new era" for the company.
- Wentworth has expertise in pharmacy, payer space, supply chain, IT and HR.
- WBA coming off mixed fiscal Q4 results, guidiance points to lower earnings.
- Rival Rite Aid filed for bankruptcy amid opioid lawsuits and competition.