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Fly News Breaks for April 11, 2017
FRED, RAD, WBA
Apr 11, 2017 | 08:03 EDT
After reviewing the Rite Aid (RAD)/Fred's (FRED) remedy in more detail, Leerink analyst David Larsen says the odds of the Walgreens Boots Alliance (WBA)/Rite Aid deal going through are 50/50. The analyst notes that shares of the latter appear to be trading as if the deal will not go through. Larsen is incrementally more cautious on the deal, but believes that the odds of the transaction going through are "decent." He reiterates an Outperform rating and $90 price target on Walgreens' shares.
News For WBA;RAD;FRED From the Last 2 Days
