Rite Aid (RAD) Misses Q1 EPS by 1c; Comps Rose 3.1%

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Go back to Rite Aid (RAD) Misses Q1 EPS by 1c; Comps Rose 3.1%

Rite-Aid (RAD) Concerns Price In, says Goldman Sachs

June 18, 2014 11:33 AM EDT

Goldman Sachs reiterated a Buy rating on Rite-Aid (NYSE: RAD) with a price target of $9.50. The stock declined after revising FY15 guidance earlier this month. In the view of analyst Robert P. Jones, investor might be ready to step back in.

"With the quarter largely de-risked given the new F1Q EBITDA guidance of $275-285mn, we think the report... More