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Fly News Breaks for January 6, 2016
RAD
Jan 6, 2016 | 06:42 EDT
Evercore ISI analyst Ross Muken downgraded Rite Aid (RAD) to Hold and says he sees better risk/reward in shares of Walgreens Boots Alliance (WBA), which was upgraded to Buy. Muken has a high degree of confidence the Rite Aid transaction will be approved by the FTC but views Walgreens equity as more attractive in the case of an approval failure by the FTC or a complicated close.
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