Rite Aid Stock Still Can't Get Any Respect
Just when it seems as if things finally have nowhere else to go but up for Rite Aid (NYSE: RAD) investors, another Wall Street pro waxes unenthusiastically about the market laggard. Andrew Wolf at Loop Capital initiated coverage of the reeling drugstore chain with a Hold rating.
Wolf feels that the unraveling of its deal to be acquired by Walgreens Boots Alliance (NASDAQ: WBA), and the subsequently reworked deal to sell just some of its stores to Walgreens finds Rite Aid in a position where it has to start its turnaround efforts from scratch. Absent intermediate-term earnings visibility, he's not comfortable recommending the stock. Wolf is setting a price target of $2.50, which is a penny shy of where it closed on Monday.
If you're a risk tolerant investor willing to take a chance on Rite Aid you're probably not doing it for the benefit of just marching in place at the same price point.
Source: Fool.com
Walgreens Boots Alliance Inc. Stock
Our community is currently low on Walgreens Boots Alliance Inc. with 3 Buy predictions and 9 Sell predictions.
However, we have a potential of 51.53% for Walgreens Boots Alliance Inc. as the target price of 15 € is above the current price of 9.9 €.
