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Fly News Breaks for December 23, 2019
RAD
Dec 23, 2019 | 08:45 EDT
Deutsche Bank analyst George Hill raised his price target for Rite Aid to $12 from $5 and keeps a Sell rating on the shares following the company's Q3 results. With the shares up over 75% in the two days since the print, Rite Aid now trades at 7.5 times estimated 2020 enterprise value to EBITDA, Hill tells investors in a research note.
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