Market Overview

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

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Shares of Rite Aid Corporation (NYSE: 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.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

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.

Latest Ratings for RAD

DateFirmActionFromTo
Sep 2019Initiates Coverage OnSell
Sep 2018ReinstatesSell
Aug 2018DowngradesOutperformMarket Perform

View More Analyst Ratings for RAD
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General

 

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Latest Ratings

StockFirmActionPT
BGNECLSADowngrades
SWKSMizuhoMaintains90.0
KEMB. Riley FBRDowngrades27.2
ROKGabelli & Co.Downgrades
SSRMB. Riley FBRUpgrades23.0
View the Latest Analytics Ratings
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