Market Overview

UPDATE: BTIG Initiates Rite Aid with PT of $2.25 on Demographic Trends

Share:
Related RAD
Benzinga's Option Alert Recap From January 23
Antitrust Opposition Prompts Vetr To Upgrade Rite Aid To Strong Buy
Dissecting The Latest Rite Aid News (Seeking Alpha)

BTIG initiated coverage on Rite Aid (NYSE: RAD) with a $2.25 price target.

BTIG commented, "Rite Aid operates in a sector that stands to benefit from demographic trends and potentially from legislative undertakings as well. The trends are well-known and easily identifiable: the US population is aging, and the post-Second World War cohort, which is disproportionately large, is moving into the 65+ category. That category, in turn, is an increasingly long-lived customer, an increasingly prescription-intensive customer and an increasingly value-focused customer. Add to this the closing of the “donut hole” in Medicare Part D – a broadly popular policy initiative – and the stage is set for an enduring trend of incremental growth."

Rite Aid closed at $1.14 on Wednesday.

Latest Ratings for RAD

DateFirmActionFromTo
Apr 2016Deutsche BankDowngradesBuyHold
Mar 2016Credit SuisseAssumesOutperform
Jan 2016Evercore ISI GroupDowngradesBuyHold

View More Analyst Ratings for RAD
View the Latest Analyst Ratings

Posted-In: btigAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (RAD)

View Comments and Join the Discussion!