Mizuho Securities Initiates Rite Aid With Buy

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Analysts at Mizuho Securities initiated coverage on

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Rite Aid Corporation

(NYSE: 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.