Rite-Aid (RAD) Target, Estimate Lifted at Jefferies

Jefferies analyst Mark Wiltamuth raised his price target on Rite-Aid (NYSE: RAD) from $5.30 to $7.50 but maintained a Hold rating.

Wiltamuth "Rite Aid reported a stronger than expected 4Q with operating earnings exceeding our estimates by $5.5M (or 3.8%) and clean EPS at $0.10 vs. consensus of $0.04. With guidance for F15 also ahead of current estimates, we expect RAD shares to be up in today's trading."

The firm raised FY 2015 EPS from$0.31 to $0.35 and FY 2016 EPS from$0.38 to $0.43.

For an analyst ratings summary and ratings history on Rite-Aid click here. For more ratings news on Rite-Aid click here.

Shares of Rite-Aid closed at $6.94 yesterday.

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