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RAD

Rite Aid

$7.42

-0.16 (-2.11%)

, WBA

Walgreens Boots Alliance

$80.51

0.27 (0.34%)

15:32
10/06/16
10/06
15:32
10/06/16
15:32

Rite Aid slips after FTC Commissioner voices worries over decreased competition

In prepared remarks being delivered at a keynote address at the Washington Center for Equitable Growth, FTC Commissioner Terrell McSweeny said he believes "there is a growing consensus that suggests a troubling decrease in competition." Against this backdrop, "the role antitrust plays in maintaining competitive markets has become, quite appropriately, an important topic of public debate," McSweeny added, according to an account of his speech posted to the FTC's website. The late day dip in shares of Rite Aid (RAD) has been attributed to the cautious stance expressed by McSweeny. Bloomberg recently reported, on September 28, that the FTC may still have concerns that the divestitures being proposed by Walgreens Boots Alliance (WBA) and Rite Aid as they seek clearance for their intended merger "aren't enough."

RAD

Rite Aid

$7.42

-0.16 (-2.11%)

WBA

Walgreens Boots Alliance

$80.51

0.27 (0.34%)

  • 20

    Oct

  • 06

    Nov

RAD Rite Aid
$7.42

-0.16 (-2.11%)

06/16/16
BOFA
06/16/16
NO CHANGE
BOFA
McKesson weakness related to Rite Aid unwarranted, says BofA/Merrill
07/07/16
BARD
07/07/16
NO CHANGE
Target $95
BARD
Outperform
Walgreens Boots Alliance estimates, price target lowered at Baird
Baird analyst Eric Coldwell lowered his price target for Walgreens Boots Alliance (WBA) to $95 from $98 and cut his fiscal year 2017 outlook modestly following the company's mixed earnings report and due to incremental currency headwind. Nonetheless, he believes the damage is "largely done" and reiterates an Outperform rating on the shares, while waiting for the Rite Aid (RAD) deal and further efficiency improvements.
07/19/16
LEER
07/19/16
NO CHANGE
Target $95
LEER
Outperform
Leerink remains positive on Walgreens Boots Alliance long-term
Leerink analyst David Larsen remains positive on Walgreens Boots Alliance (WBA) in the long-term, despite reducing his forward revenue and earnings estimates due mainly to trends in FX. Larsen still believes that the Rite Aid (RAD) deal will close in the second half of 2016, and expects shares of Walgreens Boots Alliance to rally once that happens. The analyst reiterates an Outperform rating and $95 price target on Walgreens Boots Alliance's shares.
09/01/16
FBCO
09/01/16
NO CHANGE
FBCO
Walgreens Boots Alliance added to Focus List at Credit Suisse
Credit Suisse analyst Robert Willoughby said Walgreens Boots Alliance (WBA) closing of the Rite Aid (RAD) acquisition in 2H 2016 will bring meaningful revenue growth, cash flow, and cost cutting opportunities to drive Walgreens shares higher. The analyst sees limited downside given new and potentially more preferred pharmacy network agreements with leading PBMs, capital deployment, and the early AmerisourceBergan warrant exercise. Willoughby reiterates his Outperform rating and $95 price target on Walgreens shares and the investment policy committee added it to the Credit Suisse Focus List.
WBA Walgreens Boots Alliance
$80.51

0.27 (0.34%)

07/18/16
MZHO
07/18/16
NO CHANGE
MZHO
Valeant likely to lower 2016 guidance again, says Mizuho
Mizuho expects Valeant to report slightly lower than expected Q2 EPS. The firm says that the company's guidance implies that its operating spending will drop in 2H16. Mizuho thinks that this outlook is unrealistic. The firm adds that the company's belief that its revenue will be boosted by seasonality and improved economics from the Walgreens (WBA) deal could also be unrealistic. The firm reiterates an $11 price target and Unerperform ratingon Valeant.
10/05/16
UBSW
10/05/16
INITIATION
Target $94
UBSW
Buy
Walgreens Boots Alliance initiated with a Buy at UBS
Target $94.

TODAY'S FREE FLY STORIES

SANM

Sanmina

$39.05

1.2 (3.17%)

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Pacira

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Amarin

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TEVA

Teva

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IMNP

Immune Pharmaceuticals

$2.97

0.15 (5.32%)

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AKBA

Akebia

$15.50

-0.19 (-1.21%)

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  • 29

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PIR

Pier 1 Imports

$5.38

0.04 (0.75%)

08:38
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Downgrade
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GTLS

Chart Industries

$33.15

0.91 (2.82%)

08:37
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WMT

Wal-Mart

$76.51

0.5 (0.66%)

, AMZN

Amazon.com

$990.33

13.55 (1.39%)

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Periodicals
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$76.51

0.5 (0.66%)

AMZN

Amazon.com

$990.33

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SSNI

Silver Spring

$11.28

0.1 (0.89%)

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SPNC

Spectranetics

$38.35

7.95 (26.15%)

08:36
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Spectranetics rating change  »

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ARNA

Arena Pharmaceuticals

$16.53

1.3 (8.54%)

08:35
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  • 29

    Jun

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    Jul

CCJ

Cameco

$9.53

0.1056 (1.12%)

08:35
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Initiation
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CUBN

Commerce Union Bancshares

$26.04

1.54 (6.29%)

08:34
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Commerce Union Bancshares raises quarterly dividend 9.1% to 6c per share »

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  • 18

    Sep

PFE

Pfizer

$33.75

-0.02 (-0.06%)

08:33
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  • 11

    Jul

  • 02

    Aug

  • 27

    Aug

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General news
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General news
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INPX

Inpixon

08:32
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Syndicate
Inpixon raises $6M in a public offering of common stock and warrants »

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OA

Orbital ATK

$98.71

1.7 (1.75%)

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CST

CST Brands

, LBIO

Lion Biotechnologies

08:30
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Options
One new option listing and two option delistings on June 29th »

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CST

CST Brands

LBIO

Lion Biotechnologies

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MCD

McDonald's

$154.30

0.58 (0.38%)

08:26
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GE

General Electric

$27.08

-0.13 (-0.48%)

08:22
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08:22
Upgrade
General Electric rating change  »

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  • 02

    Oct

$DJT

DJ Transportation Average

08:21
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DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

08:20
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Technical Analysis
DJ Utility Average: Pivot points »

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