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RAD

Rite Aid

$2.31

-0.02 (-0.86%)

, WBA

Walgreens Boots Alliance

$79.18

0.27 (0.34%)

17:39
07/17/17
07/17
17:39
07/17/17
17:39

Rite Aid says FY17 pro forma adjusted EBITDA $742.97M after Walgreens deal

In a regulatory filing, Rite Aid (RAD) said that adjustments from the Walgreens (WBA) deal to pro forma adjusted EBITDA will results in pro-forma adjusted EBITDA for the year ended March 4, 2017 of $742.97M.

RAD

Rite Aid

$2.31

-0.02 (-0.86%)

WBA

Walgreens Boots Alliance

$79.18

0.27 (0.34%)

  • 17

    Jul

RAD Rite Aid
$2.31

-0.02 (-0.86%)

06/29/17
JEFF
06/29/17
NO CHANGE
Target $95
JEFF
Buy
Jefferies sees Walgreens topping new synergy target
Jefferies analyst Brian Tanquilut fully expects Walgreens Boots Alliance (WBA) to exceed its new synergy target from the purchase of Rite Aid (RAD) stores. He also expects the FTC to approve the new agreement as he thinks Walgreens wouldn't have entered into it if the agency wasn't fully aware and on-board with the revised transaction. The analyst views the recent pullback in Walgreens shares as overdone and keeps a Buy rating on the name with a $95 price target.
06/30/17
COWN
06/30/17
NO CHANGE
Target $5
COWN
Outperform
Rite Aid better positioned following new agreement, says Cowen
Cowen analyst Charles Ryhee said he is positive on the new Rite Aid (RAD) agreement with Walgreens (WBA) as it better positions the company than had it remained stand-alone with no deal at all. Benefits include deleveraging, lower generic procurement costs, increased financial flexibility and "great" leverage toward PBM, which is growing faster than retail. Ryhee reiterated his Outperform rating and $4.70 price target on Rite Aid shares.
06/30/17
EVER
06/30/17
INITIATION
EVER
Underperform
Rite Aid reinstated with an Underperform at Evercore ISI
Evercore ISI analyst Ross Muken reinstated Rite Aid with an Underperform rating, versus In-Line previously, to reflect threats from online competition, structural challenges at the back-end of pharmacy given network positioning, and limited strategic options. The analyst sees downside near-term to $2.00-$2.50 per share.
06/30/17
06/30/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Rite Aid (RAD) reinstated with an Underperform at Evercore ISI. 2. Hill-Rom (HRC) initiated with a Buy at Needham and Neutral at Cantor. 3. Dermira (DERM) initiated with an Outperform at Evercore ISI. 4. Coach (COH) initiated with a Buy at Canaccord. 5. WWE (WWE) initiated with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
WBA Walgreens Boots Alliance
$79.18

0.27 (0.34%)

06/30/17
NEED
06/30/17
UPGRADE
NEED
Buy
Walgreens Boots Alliance upgraded to Buy from Hold at Needham
06/30/17
06/30/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cabot Oil & Gas (COG) upgraded to Buy from Neutral at BofA/Merrill with analyst Doug Leggate saying Cabot 's gross Marcellus takeaway capacity will increase to 3.7 bcf/d from 2bcf/d by end of 2018 and positioned to increase free cash flow to $2B from $872M per year for 25 years. 2. Becton Dickinson (BDX) upgraded to Strong Buy from Outperform at Raymond James with analyst Lawrence Keusch saying he believes it should be a core holding based an an above average outlook for 5%-6% organic growth and mid-teens earnings increases with further potential upside. 3. Walgreens Boots Alliance (WBA) upgraded to Buy from Hold at Needham. 4. ManTech (MANT) upgraded to Buy from Hold at Loop Capital with analyst Joseph Vafi saying he sees "company-specific and secular catalysts" driving improving fundamentals and upward revisions to consensus estimates. 5. D.R. Horton (DHI) upgraded to Outperform from Market Perform at Raymond James with the firm saying it is uniquely positioned to capitalize on an unexpectedly tight and historically low existing home inventories, while new home demand remains broadly resilient despite rising prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/17/17
NEED
07/17/17
NO CHANGE
Target $94
NEED
Buy
340B exposure a non-issue for Walgreens Boots Alliance, says Needham
Needham analyst Kevin Caliendo notes that CMS proposed a cut to hospital outpatient reimbursement for the purchase of specialty drugs under the 340B program. The analyst believes Walgreens Boots Alliance has the largest exposure to 340B plans. However, the company said that 340B represented less than 1% of total U.S. pharmacy Rxs for the company, Caliendo adds. He reiterates a Buy rating and $94 price target on the shares.

TODAY'S FREE FLY STORIES

FCEL

FuelCell

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Micron

$41.65

1.26 (3.12%)

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NKE

Nike

$52.21

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ULTA

Ulta Beauty

$200.90

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UAL

United Continental

$64.26

-3.73 (-5.49%)

10:23
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Technical View: United Continental falls after results and outlook »

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  • 19

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MEIP

MEI Pharma

$2.48

0.15 (6.44%)

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VZ

Verizon

$50.08

1.431 (2.94%)

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  • 19

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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MRK

Merck

$63.76

0.25 (0.39%)

, TEVA

Teva

$14.61

-0.01 (-0.07%)

10:15
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MRK

Merck

$63.76

0.25 (0.39%)

TEVA

Teva

$14.61

-0.01 (-0.07%)

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ADP

ADP

$113.93

0.21 (0.18%)

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  • 22

    Oct

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U.S. leading economic index fell 0.2% to 128.6 in September »

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GS

Goldman Sachs

$240.07

-1.96 (-0.81%)

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Blankfein: 'Just left Frankfurt,' 'I'll be spending a lot more time there' »

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  • 22

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EVHC

Envision Healthcare

$40.70

0.05 (0.12%)

10:11
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  • 01

    Nov

NNI

Nelnet

$51.05

-0.27 (-0.53%)

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Upgrade
Nelnet rating change  »

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CZR

Caesars

$12.30

0.4 (3.36%)

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MMP

Magellan Midstream

$67.56

-0.96 (-1.40%)

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  • 02

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MDB

MongoDB

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  • 19

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HMNY

Helios and Matheson

$16.32

-1.91 (-10.48%)

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NNI

Nelnet

$51.05

-0.27 (-0.53%)

10:02
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Upgrade
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10:02
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General news
Leading Indicators data reported »

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