Rite Aid (RAD) Tops Q1 EPS by 16c, FY EPS Guidance Misses Consensus

Go back to Rite Aid (RAD) Tops Q1 EPS by 16c, FY EPS Guidance Misses Consensus

JPMorgan Downgrades Rite-Aid (RAD) to Underweight, Will Become 'Show-me' Story in 2022

June 25, 2021 5:41 AM EDT

JPMorgan analyst Lisa Gill downgraded Rite-Aid (NYSE: RAD) from Neutral to Underweight with a price target of $12.00 (from $21.00).

The analyst comments "We are downgrading shares of RAD to Underweight from Neutral, and lowering our Dec-21 price target to $12 from $21. Based on our... More