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Fly News Breaks for October 20, 2016
RAD, WBA
Oct 20, 2016 | 06:57 EDT
Deutsche Bank analyst George Hill continues to expect Walgreens Boots Alliance's (WBA) acquisition of Rite Aid (RAD) to have a positive outcome. The analyst notes, however, that he'd be less positive on Walgreens with no deal, saying the promises the company made to its new pharmacy benefit managers partners around the ability to expand its network would be much harder to execute if the deal does not close. Hill keeps a Buy rating on Walgreens but lowered his price target for the shares to $88 from 94.
News For WBA;RAD From the Last 2 Days
