Rite Aid and Albertsons terminate merger amid opposition to deal

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Go back to Rite Aid and Albertsons terminate merger amid opposition to deal

Rite-Aid (RAD) PT Lowered to $1.75 at Mizuho Securities as Albertsons Merger Breaks

August 9, 2018 7:36 AM EDT

Mizuho Securities lowered its price target on Rite-Aid (NYSE: RAD) to $1.75 (from $2.25) while maintaining a Neutral rating as Albertsons merger breaks.

Analyst Ann Hynes is using an 8.6x EV/EBITDA multiple on our new FY19E adjusted EBITDA, which is in-line with the retail... More