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Rite Aid (RAD) Gets a Sell Rating from Deutsche Bank

Deutsche Bank analyst George Hill maintained a Sell rating on Rite Aid (RADResearch Report) on June 23 and set a price target of $4.00. The company’s shares closed last Tuesday at $8.28.

According to TipRanks.com, Hill is a 4-star analyst with an average return of 6.5% and a 54.3% success rate. Hill covers the Healthcare sector, focusing on stocks such as AmerisourceBergen, Molina Healthcare, and 1Life Healthcare.

Rite Aid has an analyst consensus of Strong Sell, with a price target consensus of $5.33.

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Based on Rite Aid’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $6.07 billion and GAAP net loss of $389 million. In comparison, last year the company earned revenue of $6.16 billion and had a GAAP net loss of $13.06 million.

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Rite Aid Corp. engages in the ownership and management of retail drug stores. It operates through the Retail Pharmacy and Pharmacy Services business segments. The Retail Pharmacy segment includes branded and generic prescription drugs, health and beauty aids, personal care products, and walk-in retail clinics. The Pharmacy Services segment offers transparent and traditional pharmacy benefit management for insurance companies, employers, health plans, and government employee groups. The company was founded by Alex Grass in September 1962 and is headquartered in Camp Hill, PA.

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