Mizuho Securities Initiates Rite Aid With Buy

Analysts at Mizuho Securities initiated coverage on Rite Aid Corporation RAD with a Buy rating. The target price for Rite Aid is set to $10. Rite Aid shares have gained 3.85 percent over the past 52 weeks, while the S&P 500 index has surged 10.18 percent in the same period. Rite Aid shares climbed 2.55 percent to $8.85 in pre-market trading.