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

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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