Rite Aid (RAD) Tops Q2 EPS by 7c; Cuts FY15 EPS Outlook
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Rite Aid (RAD) Price Target Reduced to $6.50 at Deutsche Bank Following Disappointing Guidance
September 18, 2014 1:00 PM EDTDeutsche Bank maintained a Buy rating on Rite-Aid (NYSE: RAD) but reduced its price target to $6.50 (from $9.00). Analyst George Hill called Q2 results strong, but guidance was very disappointing.
"RAD has now taken down its EBITDA target for the year by ~$125mm. We estimate the components include reimbursement pressure at $40-60mm, a delay of... More
