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RAD

Rite Aid

$4.71

-0.14 (-2.89%)

, WBA

Walgreens Boots Alliance

$84.63

-1.28 (-1.49%)

06:19
03/21/17
03/21
06:19
03/21/17
06:19

Deutsche says Rite Aid could fall 53% if Walgreens deal fails

Deutsche Bank analyst George Hill points out that according to recent media reports, the Federal Trade Commission still has issues with Walgreens Boots Alliance's (WBA) proposed acquisition of Rite Aid (RAD) as well as Fred's (FRED) as a buyer of divested stores. Should the deal fail to close, Walgreens shares have downside to the $73-$79 range, or up to 14%, Hill tells investors in a research note, citing his analysis. Rite Aid shares, the analyst suspects, could fall to $2.25 per share, or 53% from current levels, the analyst contends. He believes a key to Walgreens' decision to certify compliance with the second request could be the current makeup of the FTC, which has three vacant seats along with a Democratic Commissioner and Republican Chairperson. Hill has a Buy rating on Walgreens with a $92 price target, which he notes excludes Rite Aid.

RAD

Rite Aid

$4.71

-0.14 (-2.89%)

WBA

Walgreens Boots Alliance

$84.63

-1.28 (-1.49%)

FRED

Fred's

$14.66

-0.54 (-3.55%)

  • 05

    Apr

  • 06

    Apr

RAD Rite Aid
$4.71

-0.14 (-2.89%)

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
$84.63

-1.28 (-1.49%)

02/06/17
ATLE
02/06/17
UPGRADE
ATLE
Overweight
Walgreens Boots upgraded to Overweight from Neutral at Atlantic Equities
FRED Fred's
$14.66

-0.54 (-3.55%)

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.

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SITE

SiteOne Landscape

$51.93

1.59 (3.16%)

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LMT

Lockheed Martin

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2.01 (0.72%)

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Lionsgate

$25.55

0.4 (1.59%)

, LGF.B

Lionsgate

$23.45

0.31 (1.34%)

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Lionsgate

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DXC

DXC Technology

$78.64

0.69 (0.89%)

17:41
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GME

GameStop

$23.62

0.91 (4.01%)

, NTDOY

Nintendo

$35.95

0.4 (1.13%)

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GameStop sees 'strong' Switch demand outpacing supply in near term »

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GME

GameStop

$23.62

0.91 (4.01%)

NTDOY

Nintendo

$35.95

0.4 (1.13%)

TWX

Time Warner

$99.37

0.97 (0.99%)

T

AT&T

$38.23

0.08 (0.21%)

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  • 25

    May

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NTNX

Nutanix

$17.57

0.12 (0.69%)

, DECK

Deckers Brands

$56.57

-1.51 (-2.60%)

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NTNX

Nutanix

$17.57

0.12 (0.69%)

DECK

Deckers Brands

$56.57

-1.51 (-2.60%)

ULTA

Ulta Beauty

$293.04

12.53 (4.47%)

EGHT

8x8, Inc.

$13.15

0.05 (0.38%)

VEEV

Veeva

$61.74

0.67 (1.10%)

COST

Costco

$174.73

1.72 (0.99%)

BIG

Big Lots

$48.37

1.39 (2.96%)

TGNA

Tegna

$23.71

0.26 (1.11%)

NXST

Nexstar

$57.50

-1.3 (-2.21%)

ZOES

Zoe's Kitchen

$16.20

-0.18 (-1.10%)

GME

GameStop

$23.62

0.91 (4.01%)

SPLK

Splunk

$67.09

0.92 (1.39%)

MRVL

Marvell

$16.94

0.16 (0.95%)

TRIL

Trillium Therapeutics

$5.45

-0.15 (-2.68%)

TRGP

Targa Resources

$48.47

-1.11 (-2.24%)

AERI

Aerie Pharmaceuticals

$54.25

13.75 (33.95%)

MACK

Merrimack

$3.40

-0.04 (-1.16%)

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    Jun

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    Jun

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    Jul

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    Feb

  • 26

    May

OKE

ONEOK

$51.66

-1.12 (-2.12%)

, OKS

ONEOK Partners

$50.70

-1.04 (-2.01%)

17:34
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05/25
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17:34
Hot Stocks
ONEOK names Walter Hulse III CFO »

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OKE

ONEOK

$51.66

-1.12 (-2.12%)

OKS

ONEOK Partners

$50.70

-1.04 (-2.01%)

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AZN

AstraZeneca

$34.34

0.07 (0.20%)

17:32
05/25/17
05/25
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17:32
Hot Stocks
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  • 26

    Jun

NTNX

Nutanix

$17.57

0.12 (0.69%)

17:29
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05/25
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17:29
Technical Analysis
Technical View: Nutanix breaks out, rounding pattern in progress »

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  • 25

    May

  • 08

    Jun

BIG

Big Lots

$48.37

1.39 (2.96%)

, COST

Costco

$174.73

1.72 (0.99%)

17:27
05/25/17
05/25
17:27
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17:27
Hot Stocks
Breaking Hot Stocks news story on Big Lots, Costco »

Big Lots up 3.4% after…

BIG

Big Lots

$48.37

1.39 (2.96%)

COST

Costco

$174.73

1.72 (0.99%)

03/08/13
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  • 25

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    May

WING

Wingstop

$29.72

-0.12 (-0.40%)

17:19
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  • 20

    Jun

HUBG

Hub Group

$34.10

-0.05 (-0.15%)

17:17
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GME

GameStop

$23.62

0.91 (4.01%)

, NTDOY

Nintendo

$35.95

0.4 (1.13%)

17:14
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Hot Stocks
GameStop: Red Dead 2 delay, Switch demand keep company at initial FY17 guidance »

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GME

GameStop

$23.62

0.91 (4.01%)

NTDOY

Nintendo

$35.95

0.4 (1.13%)

TTWO

Take-Two

$78.53

0.8 (1.03%)

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  • 25

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RELL

Richardson Electronics

$5.96

-0.04 (-0.67%)

17:09
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GME

GameStop

$23.62

0.91 (4.01%)

, NTDOY

Nintendo

$35.95

0.4 (1.13%)

17:09
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GameStop backs FY17 new hardware sales view to unchanged to up slightly »

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GME

GameStop

$23.62

0.91 (4.01%)

NTDOY

Nintendo

$35.95

0.4 (1.13%)

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  • 25

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COST

Costco

$174.73

1.72 (0.99%)

17:07
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Hot Stocks
Costco reports Q3 comparable sales up 5% »

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MNK

Mallinckrodt

$41.00

0.76 (1.89%)

17:04
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  • 13

    Jun

FRGI

Fiesta Restaurant

17:03
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Fiesta Restaurant rejects 'misleading' claims by activist group JCP »

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YUM

Yum! Brands

$72.13

0.18 (0.25%)

17:02
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  • 31

    May

  • 31

    May

LBIO

Lion Biotechnologies

$6.15

-0.35 (-5.38%)

16:57
05/25/17
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Hot Stocks
Lion Biotechnologies announces resignation of CFO Gregory Schiffman »

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  • 02

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CPE

Callon Petroleum

$12.01

-0.08 (-0.66%)

16:55
05/25/17
05/25
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Callon Petroleum names Joseph Gatto, Jr. CEO »

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HGV

Hilton Grand Vacations

$36.32

0.24 (0.67%)

16:54
05/25/17
05/25
16:54
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16:54
Syndicate
Breaking Syndicate news story on Hilton Grand Vacations »

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SYPR

Sypris Solutions

$1.48

0.05 (3.50%)

16:51
05/25/17
05/25
16:51
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16:51
Hot Stocks
Sypris Electronics achieves ISO 13485 registration from NSF-ISR »

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BBY

Best Buy

$61.25

10.83 (21.48%)

, HPQ

HP Inc.

$18.37

-0.64 (-3.37%)

16:42
05/25/17
05/25
16:42
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16:42
General news
On The Fly: Top stock stories for Thursday »

Stocks began the session…

BBY

Best Buy

$61.25

10.83 (21.48%)

HPQ

HP Inc.

$18.37

-0.64 (-3.37%)

SHLD

Sears

$8.48

1.01 (13.52%)

GM

General Motors

$32.60

-0.6 (-1.81%)

BCRX

BioCryst

$6.73

1.6 (31.19%)

PVH

PVH Corp.

$106.98

4.94 (4.84%)

SPLS

Staples

$9.06

0.28 (3.19%)

SIG

Signet Jewelers

$50.30

-4.23 (-7.76%)

GCO

Genesco

$34.40

-10.15 (-22.78%)

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