Corrects brokerage name to Deutsche Bank in headline and bullet 2
** Shares of pharmacy chain Walgreens Boots Alliance WBA.O fall 3.8% to $10.80 premarket
** Deutsche Bank trims PT to $9 from $11, cuts rating to "sell" from "hold", day after FT reported Sycamore Partners is planning three-way split of WBA if Sycamore succeeds in taking WBA private
** "The deal strikes us incredibly complicated and unlikely to be consummated at a premium to the current share price," brokerage says
** Three other brokerages rate WBA "sell" or lower, 12 rate it "hold" and 3 "buy" or higher
** WBA shares fell ~47% in last 12 months, but have risen ~27% since media reports in early December that co was in talks to sell itself to Sycamore
(Reporting by Siddhi Mahatole)
((Siddhi.mahatole@thomsonreuters.com))
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