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RAD

Rite Aid

$4.89

0.02 (0.41%)

, WBA

Walgreens Boots Alliance

$85.40

-0.21 (-0.25%)

10:17
03/15/17
03/15
10:17
03/15/17
10:17

Capitol Forum: FTC has issues with Rite Aid, Walgreens deal, Bloomberg reports

Capitol Forum says that FTC staff have issues with the Rite Aid (RAD) and Walgreeens (WBA) deal, with reservations voiced about Fred's (FRED) as the potential buyer of stores, according to Bloomberg.

RAD

Rite Aid

$4.89

0.02 (0.41%)

WBA

Walgreens Boots Alliance

$85.40

-0.21 (-0.25%)

FRED

Fred's

$15.31

0.53 (3.59%)

  • 19

    Mar

RAD Rite Aid
$4.89

0.02 (0.41%)

01/30/17
LEER
01/30/17
NO CHANGE
LEER
Outperform
Walgreens Boots Alliance, Rite Aid transaction still in-process, says Leerink
Leerink analyst David Larsen notes that he has confirmed with Walgreens Boots Alliance (WBA) that the deal with Rite Aid (RAD) would only terminate if either party were to walk away, which would require a formal announcement. Therefore, the analyst believes "no news is good news," and that the transaction is still in-process and on track. He reiterates an Outperform rating on Walgreens Boots Alliance's shares.
01/20/17
01/20/17
NO CHANGE

Rite Aid-Walgreens deal closing 'way more likely than not,' says Cowen
After a Bloomberg article said that the FTC is concerned about the sale of Rite Aid (RAD) stores to Fred's (FRED) as a remedy to concerns about Walgreens' (WBA) takeover deal, Cowen analyst Charles Rhyee said that the report could reflect a split staff at FTC and the losing side making some noise or it could be a public negotiating tactic. Given the various paths forward, including litigation, Rhyee still thinks it is "way more likely than not" that this deal will ultimately close and views the weakness in Walgreens shares as a buying opportunity.
01/20/17
EVER
01/20/17
NO CHANGE
EVER
Rite Aid could trade to $3.50 or below if deal is not completed, says Evercore ISI
Evercore ISI analyst Ross Muken believes Rite Aid (RAD) could have "massive" downside and would likely trade to $3.50 or below if the acquisition by Walgreens Boots Alliance (WBA) were not completed. For Walgreens, Muken said, if the deal is not completed, it would be a modest negative given the synergy potential and time committed to deal closure, but he expects Walgreen not to sit on the capital for very long and would look for a combination of share repurchases and additional M&A in the not-too-distant future.
01/17/17
01/17/17
UPGRADE
Target $95

Outperform
AmerisourceBergen upgraded to Outperform at Leerink
As previously reported, Leerink analyst David Larsen upgraded AmerisourceBergen (ABC) to Outperform from Market Perform and raised his price target on the shares to $95 from $75. The analyst believes the odds of the Walgreens Boots Alliance (WBA)/Rite Aid (RAD) transaction going through have "increased substantially," and believes that the long-term partnership with Walgreens Boots Alliance will act as a positive driver for volumes. Long-term, Larsen believes that AmerisourceBergen will continue to benefit from growth in specialty, biosimilars, and generic launches, while recent commentary seems to indicate that generic deflation trends are moderating.
WBA Walgreens Boots Alliance
$85.40

-0.21 (-0.25%)

02/06/17
ATLE
02/06/17
UPGRADE
ATLE
Overweight
Walgreens Boots upgraded to Overweight from Neutral at Atlantic Equities
FRED Fred's
$15.31

0.53 (3.59%)

02/07/17
02/07/17
UPGRADE

Buy
Follow-up: Fred's upgraded to Buy on valuation at Sidoti
As previously reported, Sidoti upgraded Fred's to Buy from Neutral. Analyst Gregory Pendy said the sharp pullback in shares provides a buying opportunity and maintained his $18 price target.
02/07/17
SIDC
02/07/17
UPGRADE
SIDC
Buy
Fred's upgraded to Buy from Neutral at Sidoti
01/06/17
01/06/17
UPGRADE
Target $17.5

Equal Weight
Fred's upgraded to Equal Weight after Rite Aid pact at Stephens
As previously reported, Stephens analyst Ben Bienvenu upgraded Fred's (FRED) to Equal Weight from Underweight citing the company's agreement to purchase 865 Rite Aid (RAD) stores from Walgreens (WBA), which he acknowledged "could be transformational longer term" if approved by the FTC. However, he also thinks the execution risk is very high in the near-term and notes that the retail pharmacy and discount retail industries are currently very competitive. Bienvenu raised his price target on Fred's shares to $17.50 from $7.

TODAY'S FREE FLY STORIES

NEWM

New Media

$12.75

0.045 (0.35%)

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14:51
Conference/Events
New Media management to meet with Stephens »

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FSIC

FS Investment

$9.25

0.1 (1.09%)

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SONS

Sonus

$6.91

-0.12 (-1.71%)

14:47
05/26/17
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Conference/Events
Sonus management to meet with William Blair »

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GOOG

Alphabet

$969.54

14.58 (1.53%)

, GOOGL

Alphabet Class A

$991.86

14.25 (1.46%)

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Periodicals
Google creates AI-focused venture capital program, Axios reports »

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$969.54

14.58 (1.53%)

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Alphabet Class A

$991.86

14.25 (1.46%)

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14:45
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General news
NY Fed's 4-day reverse repo totaled $169.0 B (55 counterparties) »

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OOMA

Ooma

$8.58

0.075 (0.88%)

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SHW

Sherwin-Williams

$334.27

0.18 (0.05%)

, VAL

Valspar

$113.06

0.6 (0.53%)

14:20
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Hot Stocks
Sherwin-Williams says Valspar acquisition expected to close on June 1 »

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SHW

Sherwin-Williams

$334.27

0.18 (0.05%)

VAL

Valspar

$113.06

0.6 (0.53%)

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NVDA

Nvidia

$138.26

-0.31 (-0.22%)

, SFTBF

SoftBank

$79.50

3.295 (4.32%)

14:18
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05/26
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14:18
Periodicals
SoftBank considering increasing Nvidia stake over time, Bloomberg says »

Bloomberg reported…

NVDA

Nvidia

$138.26

-0.31 (-0.22%)

SFTBF

SoftBank

$79.50

3.295 (4.32%)

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  • 09

    Jun

$NSD

NASDAQ Market Internals

14:17
05/26/17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is below average…

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OCRX

Ocera Therapeutics

$1.13

-0.01 (-0.88%)

14:17
05/26/17
05/26
14:17
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14:17
Conference/Events
Ocera Therapeutics to hold a conference call »

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  • 02

    Jun

$NYE

NYSE Market Internals

14:16
05/26/17
05/26
14:16
05/26/17
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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MAR

Marriott

$106.53

0.65 (0.61%)

14:10
05/26/17
05/26
14:10
05/26/17
14:10
Options
Repeat action in Marriott »

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CMG

Chipotle

$479.98

-1.41 (-0.29%)

14:04
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Hot Stocks
Chipotle says malware found during investigation of card security incident »

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F

Ford

$10.87

0.005 (0.05%)

14:04
05/26/17
05/26
14:04
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14:04
Conference/Events
Ford to host sales conference call »

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  • 12

    Jun

SPY

SPDR S&P 500 ETF Trust

$241.73

-0.03 (-0.01%)

, SPX

S&P 500

14:00
05/26/17
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Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

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SPY

SPDR S&P 500 ETF Trust

$241.73

-0.03 (-0.01%)

SPX

S&P 500

AMZN

Amazon.com

$993.38

13.03 (1.33%)

GOOG

Alphabet

$969.54

14.58 (1.53%)

GOOGL

Alphabet Class A

$991.86

14.25 (1.46%)

FB

Facebook

$151.96

1.92 (1.28%)

MSFT

Microsoft

$69.62

0.85 (1.24%)

AAPL

Apple

$153.87

0.53 (0.35%)

XLI

Industrial Select Sector SPDR

$67.45

0.12 (0.18%)

XLU

Utilities SPDR

$53.38

-0.0232 (-0.04%)

XLY

Consumer Discretionary Sector SPDR

$90.63

0.16 (0.18%)

XLF

Financial Select Sector

$23.66

0.04 (0.17%)

IYR

DJ US Real Estate Index Fund

$79.09

-0.53 (-0.67%)

XLE

Energy Select Sector SPDR

$66.54

0.04 (0.06%)

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  • 01

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TV

Grupo Televisa

$25.08

0.18 (0.72%)

14:00
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Options
Short-term put sellers back in Grupo Televisa »

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14:00
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General news
Energy Action: Baker-Hughes »

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MNK

Mallinckrodt

$43.29

2.29 (5.59%)

13:59
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  • 13

    Jun

NSANY

Nissan

$19.34

0.06 (0.31%)

, TSLA

Tesla

$316.83

6.61 (2.13%)

13:51
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Periodicals
Nissan near deal to sell battery unit for around $1B, Nikkei says »

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NSANY

Nissan

$19.34

0.06 (0.31%)

TSLA

Tesla

$316.83

6.61 (2.13%)

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  • 30

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PVG

Pretium Resources

$9.24

0.13 (1.43%)

13:50
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Options
Call buyers active in Pretrium Resources »

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13:40
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General news
Fedspeak resumes next week with SF Fed dove Williams »

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IWM

iShares Trust Russell 2000 Index Fund

$137.74

0.1592 (0.12%)

, RUT

Russell 2000 Index

13:26
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Technical Analysis
On The Fly: Weekly technical notes for Russell 2000 »

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iShares Trust Russell 2000 Index Fund

$137.74

0.1592 (0.12%)

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Russell 2000 Index

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$NSD

NASDAQ Market Internals

13:17
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$NYE

NYSE Market Internals

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HTZ

Hertz

$9.25

-0.31 (-3.24%)

13:15
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Options
Hertz put volume heavy and directionally bearish »

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