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RAD

Rite Aid

$1.16

-0.055 (-4.55%)

16:01
10/02/18
10/02
16:01
10/02/18
16:01

Rite Aid announces ratification of three-year pact with UFCW in SoCal

Rite Aid announced the ratification of a three-year agreement with the UFCW covering over 5,900 Rite Aid associates at 357 stores across Southern California. We appreciate the support of our associates in approving this agreement as well as the hard work of UFCW and company negotiators who found common ground during renewed negotiations over the past several weeks. The agreement maintains the UFCW healthcare plan, which was the top priority of the union. This agreement also provides Rite Aid with new workplace operating efficiency measures that allow us to deliver wage increases for our associates in each year of the agreement, while also supporting the business needs of our Southern California stores.

RAD Rite Aid
$1.16

-0.055 (-4.55%)

09/06/18
GSCO
09/06/18
INITIATION
Target $1
GSCO
Sell
Rite Aid reinstated with a Sell at Goldman Sachs
Goldman Sachs analyst Robert Jones reinstated Rite Aid (RAD) with a Sell and $1 price target following the merger termination with Albertsons. Jones said the now standalone company lacks necessary scale to effectively compete and negotiate with healthcare supply chain players.
09/06/18
09/06/18
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 a Sell at Goldman Sachs. 2. Parker-Hannifin (PH) initiated with an Overweight at Barclays. 3. iRhythm (IRTC) initiated with a Buy at Chardan. 4. Sarepta (SRPT) initiated with an Outperform at Credit Suisse. 5. Xperi (XPER) initiated with a Buy at National Securities. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/10/18
LOOP
09/10/18
NO CHANGE
Target $2
LOOP
Hold
Fred's sells pharmacy files to Walgreens for 'good valuation,' says Loop Capital
Loop Capital analyst Andrew Wolf noted that Fred's (FRED) announced that Walgreens (WBA) will acquire pharmacy prescription files and related pharmacy inventory of 185 Fred's stores located across 10 Southeastern states subject to regulatory approval. The deal values the prescript files at $165M, which the analyst views as a "good valuation" particularly since Walgreens will also acquire the associated pharmacy inventory for up to $36M. Wolf believes the strategic basis for Walgreens to pay this "solid" valuation for the prescription files from Fred's was fortified by its recent purchase of 1,932 Rite Aid (RAD) stores, many in the same Southeastern footprint as Fred's. The analyst reiterates a Hold rating and $2 price target on Fred's shares.
09/28/18
LOOP
09/28/18
NO CHANGE
Target $1.35
LOOP
Hold
Rite Aid price target lowered to $1.35 at Loop Capital on Albertsons deal
Loop Capital analyst Andrew Wolf lowered his price target on Rite Aid to $1.35 from $1.75 and kept his Hold rating after its Q2 results, saying that while the Pharmacy Services segment showed improved sales profitability, this was offset by lower profitability in Retail Pharmacy. The analyst added that the discount on the Rite Aid stock relative to the broader pharmacy group is "appropriate" given its "high debt leverage and subscale operations". Wolf further notes that the board's caving to shareholder pressure to cancel the Albertsons deal was a mistake directly linked to the 28% decline in the stock price since August 8th.

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SMBC

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$36.25

0.03 (0.08%)

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TMST

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CEMI

Chembio Diagnostics

$9.68

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Chembio Diagnostics files to sell $25M of common stock »

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SLM

Sallie Mae

$10.58

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SLM

Sallie Mae

$10.58

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Sallie Mae raises FY18 core EPS view to $1.02-$1.03 from 99c-$1.01 »

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SLM

Sallie Mae

$10.58

(0.00%)

17:19
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Earnings
Sallie Mae reports Q3 adjusted EPS 23c, consensus 24c »

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BA

Boeing

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-0.3 (-0.08%)

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JOE

Saint Joe Co.

$15.08

-0.14 (-0.92%)

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Marriott

$111.49

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MAR

Marriott

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  • 06

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RNST

Renasant

$35.44

-1.1 (-3.01%)

17:11
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Earnings
Renasant reports Q3 adjusted EPS 61c, consensus 77c »

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IAG

IAMGold

$3.84

-0.13 (-3.27%)

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  • 07

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HWBK

Hawthorn Bancshares

$23.20

-0.27 (-1.15%)

17:09
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Breaking Hot Stocks news story on Hawthorn Bancshares »

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GNBC

Green Bancorp

$19.34

-0.7 (-3.49%)

17:07
10/22/18
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Earnings
Green Bancorp reports Q3 EPS 49c, consensus 47c »

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VBTX

Veritex

$24.43

-1.07 (-4.20%)

17:06
10/22/18
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Earnings
Veritex reports Q3 core EPS 34c, consensus 46c »

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IBTX

Independent Bank

$56.47

-3.06 (-5.14%)

17:04
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Earnings
Independent Bank reports Q3 EPS $1.20, consensus $1.20 »

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BRO

Brown & Brown

$29.12

0.27 (0.94%)

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SFNC

Simmons First National

$25.62

-0.78 (-2.95%)

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CR

Crane

$87.33

-0.28 (-0.32%)

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Earnings
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GNBC

Green Bancorp

$19.34

-0.7 (-3.49%)

17:02
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Earnings
Green Bancorp reports Q3 non-GAAP EPS 49c, consensus 47c »

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  • 23

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SFNC

Simmons First National

$25.62

-0.78 (-2.95%)

17:02
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Earnings
Simmons First National reports Q3 core EPS 61c, consensus 58c »

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  • 23

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CR

Crane

$87.33

-0.28 (-0.32%)

17:02
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Earnings
Crane reports Q3 EPS ex-items $1.62, consensus $1.46 »

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  • 23

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BRO

Brown & Brown

$29.12

0.27 (0.94%)

17:01
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Earnings
Brown & Brown reports Q3 adjusted EPS 38c, consensus 34c »

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NBTB

NBT Bancorp

$36.29

-0.57 (-1.55%)

16:54
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NBTB

NBT Bancorp

$36.29

-0.57 (-1.55%)

16:54
10/22/18
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Earnings
NBT Bancorp reports Q3 adjusted EPS 68c, consensus 65c »

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PERY

Perry Ellis

$27.50

(0.00%)

16:51
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Perry Ellis announces completion of its acquisition in $437M transaction »

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