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UPDATE: Deutsche Bank Initiates Coverage on Rite Aid on Positive Outlook

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Rite Aid's (RAD) July Comps Rise 2.4% on Strategic Initiatives - Analyst Blog (Zacks)

In a report published Thursday, Deutsche Bank analyst George Hill initiated coverage on Rite Aid Corporation (NYSE: RAD) with a Buy rating and $7.00 price target.

In the report, Deutsche Bank noted, “We are initiating coverage of Rite Aid with a Buy rating. We believe that Rite Aid should be able to maintain its recent improvement in profitability as store remodels, SG&A cost initiatives, and lower interest expense all help to offset pharmacy reimbursement pressures. We also see a number of strategic actions that Rite Aid could take that would drive profitability ahead of our current forecasts.”

Rite Aid closed on Wednesday at $5.10.

Latest Ratings for RAD

DateFirmActionFromTo
Jul 2015Raymond JamesDowngradesOutperformMarket Perform
Jun 2015Credit SuisseReinstatesOutperform
May 2015Mizuho SecuritiesInitiates Coverage onBuy

View More Analyst Ratings for RAD
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