Rite Aid To Surge By Double-Digits, Vetr Crowd Says

Shares of Rite Aid Corporation RAD have lost 1.8 percent since September 8. This, the Vetr crowd seems to believe, has unlocked some room for upside, as evidenced by its average price target of $8.65, which implies a potential return of 13.25 percent from current valuations.

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Seeking to better reflect the larger upside potential, the Vetr community upgraded its rating on shares of Rite Aid on Thursday, from 3.5 Stars (Buy) to 4.5 Stars (Strong Buy) – out of a possible 5 Stars rating.

It should be noted that, in accordance with the new score, 80 percent of the crowd’s ratings are bullish at the time.