Rite Aid (RAD) Sept. Sames Store Sales Increase 1.5%
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Rite-Aid's (RAD) Buy Rating Maintained at Deutsche Bank
October 1, 2015 3:33 PM EDTDeutsche Bank maintained a Buy rating on Rite-Aid (NYSE: RAD) with a price target of $9. Earlier Rite-Aid reported September comps increased 1.5%. In the view of analyst George Hill, soft script trends were not a surprise.
"Prescription count at comparable stores for the month decreased -0.7%. Pharmacy same store sales for September grew +2.2%, incorporating a -234 bps impact from new generic drug introductions.... More
