BUZZ-Walgreens rises after report says deal talks 'potentially' resume with Sycamore

Pharmacy chain operator Walgreens Boots Alliance's shares WBA.O rise 10.7% to $10.75

The deal between private equity firm Sycamore Partners and WBA is showing "potential signs of life", CNBC journalist David Faber says live on air

"A deal is certainly possible, but the path to generating returns comes with a lot of moving parts around real estate, financing costs, and free cash flow," Leerink Partners analysts said in a note

Leerink said irrespective of a deal, WBA will look for ways to improve its cash and earnings profile

"The return of a potential deal likely creates a floor for WBA's valuation in the near-term, but underlying questions about a potential takeout and WBA's results going forward remain tough to answer"- Leerink Partners

Stock has fallen ~55% in the past 12 months