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Fly News Breaks for October 27, 2015
RAD, WBA, FRED
Oct 27, 2015 | 15:35 EDT
SunTrust said Fred's (FRED) is one of the few remaining regional drug store chains of size and, assuming a similar takeout valuation of Walgreens Boots Alliance(WBA) potential acquisition of Rite Aid (RAD), Fred's could trade in the high teens. The firm has a Neutral rating on Fred's.