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RAD

Rite Aid

$2.28

-0.01 (-0.44%)

, WBA

Walgreens Boots Alliance

$78.15

-0.93 (-1.18%)

07:03
09/28/17
09/28
07:03
09/28/17
07:03

Rite Aid names former Walgreens exec Kermit Crawford as president and COO

Rite Aid Corporation (RAD) announced that Kermit Crawford, former EVP and president of pharmacy health and wellness for Walgreens (WBA), is joining Rite Aid as president and COO of Rite Aid Corporation, effective Oct. 5. Crawford will report to Rite Aid Chairman and CEO John Standley. During his more than 30 years with Walgreens, Crawford held a wide range of store operations and senior management positions, including responsibility for the company's pharmacy services, which included its pharmacy benefit management services. When he retired from Walgreens in 2014, Crawford was EVP and president of Walgreen's pharmacy, health and wellness division, where he was responsible for all aspects of strategic, operational and financial management for the division.

RAD

Rite Aid

$2.28

-0.01 (-0.44%)

WBA

Walgreens Boots Alliance

$78.15

-0.93 (-1.18%)

  • 28

    Sep

  • 25

    Oct

RAD Rite Aid
$2.28

-0.01 (-0.44%)

08/23/17
UBSW
08/23/17
NO CHANGE
Target $96
UBSW
Buy
Walgreens Boots Alliance should see upside from new Rite Aid deal, says UBS
UBS analyst Michael Cherny said his review of the new Walgreens Boots Alliance (WBA) deal with Rite Aid (RAD) would provide immediate accretion from synergy opportunities if the deal is approved. He believes it can provide meaningful upside to earnings as well as remove the lack of clarity on capital deployment-driven earnings contribution. Thus, he sees the shares as having a positive risk/reward skew. Cherny reiterated his Buy rating and lowered his price target to $96 from $97 on Walgreens shares.
09/11/17
LOOP
09/11/17
INITIATION
Target $2.5
LOOP
Hold
Rite Aid initiated with a Hold at Loop Capital
Loop Capital analyst Andrew Wolf started Rite Aid (RAD) with a Hold rating and $2.50 price target, stating that he views the company's re-worked store sale to Walgreens (WBA) as a "re-launch of Rite Aid's turnaround efforts" and believes it lacks intermediate term earnings visibility.
09/12/17
09/12/17
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. DowDuPont (DWDP) initiated with an Outperform at Macquarie. 2. Bunge (BG) initiated with a Neutral at Baird. 3. Rite Aid (RAD) initiated with a Hold at Loop Capital. 4. Nike (NKE) was initiated with an Outperform at Bernstein, while Under Armour (UA) was initiated with an Underperform. 5. Houlihan Lokey (HLI) initiated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/17
RBCM
09/19/17
INITIATION
RBCM
Sector Perform
Rite Aid initiated with a Sector Perform at RBC Capital
RBC Capital analyst George Hill started coverage of Rite Aid with a $2.50 price target and a Sector Perform rating.
WBA Walgreens Boots Alliance
$78.15

-0.93 (-1.18%)

09/19/17
RBCM
09/19/17
INITIATION
RBCM
Outperform
Walgreens Boots Alliance initiated with an Outperform at RBC Capital
RBC Capital analyst George Hill started coverage of Walgreens with a $96 price target and an Outperform rating. The analyst says that the company is poised to generate " industry leading volume growth that should lead to accelerating EPS growth." He expects the company's EPS to come in significantly above the consensus outlook.
09/26/17
JEFF
09/26/17
NO CHANGE
Target $30
JEFF
Buy
e.l.f. Beauty products now being sold at Walgreens, says Jefferies
Jefferies analyst Stephanie Wissink said she has recently found e.l.f. (ELF) branded products at Walgreens (WBA), both online and in select stores, which is a distribution partnership with the potential to be "fairly meaningful" given the size and global reach of the pharmacy company. She adds that there are more than 4 times the number of Walgreens in the U.S than Target's (TGT), noting that the latter accounted for about 25%-30% of e.l.f. Beauty's fiscal year sales. Wissink has Buy rating and $30 price target on e.l.f. shares.
09/27/17
RAJA
09/27/17
DOWNGRADE
RAJA
Market Perform
Walgreens Boots Alliance downgraded to Market Perform at Raymond James
Raymond James analyst John Ransom downgraded Walgreens Boots Alliance to Market Perform from Outperform. The analyst said Walgreens' premium valuation is not warranted and prefers Outperform rated CVS (CVS) given challenging relative comps, a weakening industry backdrop with flat FE sales and moderating Rx trends, modest accretion from the Rite Aid (RAD) acquisition, lack of further cost cutting actions, slightly larger exposure to Puerto Rico and Florida, and UK exposure, among other reasons.
09/27/17
09/27/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Walgreens Boots Alliance (WBA) downgraded to Market Perform at Raymond James with analyst John Ransom saying Walgreens' premium valuation is not warranted and prefers Outperform rated CVS (CVS) given challenging relative comps, a weakening industry backdrop with flat FE sales and moderating Rx trends, modest accretion from the Rite Aid (RAD) acquisition, lack of further cost cutting actions, slightly larger exposure to Puerto Rico and Florida, and UK exposure, among other reasons. 2. trivago (TRVG) downgraded to Neutral from Overweight at JPMorgan with analyst Doug Anmuth saying the shares could be range-bound for a longer period of time as the company works through bidding adjustments from large advertisers like Priceline (PCLN) and rolls out its performance attribution model. 3. Tile Shop (TTS) downgraded to Neutral from Overweight at Piper Jaffray analyst Peter Keith citing concerns of another comp and earnings miss for third quarter as well as potential for a full year guide-down. 4. Intuit (INTU) downgraded to Underperform from Market Perform at Raymond James with analyst Wayne Johnson citing concerns the tax business is becoming more challenging to grow and maintaining 60% operating margin will be difficult. 5. Kornit Digital (KRNT) downgraded to Neutral from Buy at Citi with analyst Kenneth Wong saying customer delays worsened after the company announced preliminary revenue well below its previous guidance range. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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MTCH

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MOS

Mosaic

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RDWR

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RDWR

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HDP

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