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RAD

Rite Aid

$0.94

-0.033 (-3.40%)

15:04
01/22/19
01/22
15:04
01/22/19
15:04

Rite Aid considering reverse stock split, AP says

In a statement posted to the Associated Press Business News Twitter account, Rite Aid said it is considering a reverse stock split to improve its stock price. The company said it has about six months to bolster its stock or until its next annual shareholder meeting, if investor approval is required for any improvement plan. Reference Link

RAD Rite Aid
$0.94

-0.033 (-3.40%)

10/12/18
RHCO
10/12/18
NO CHANGE
Target $75
RHCO
Hold
Walgreens Boots Alliance price target raised to $75 from $66 at SunTrust
SunTrust analyst David MacDonald raised his price target on Walgreens Boots Alliance (WBA) to $75 after its Q4 earnings beat and FY19 guidance yesterday. The analyst says the results were marked by "solid U.S. pharmacy performance" in spite of the ongoing reimbursement and generic headwinds. MacDonald also keeps his Hold rating, adding that while the company's cash flow remains "robust" and the integration of Rite Aid (RAD) is still on track, he is concerned about the challenging environment and ongoing degradation in gross margins.
11/19/18
JEFF
11/19/18
NO CHANGE
JEFF
Jefferies uncovers signs of Amazon expanding prescription drug presence
Jefferies analyst Brian Tanquilut says his proprietary checks of Amazon.com's (AMZN) moves in the pharmacy space indicate that the online retailer has finally made moves to expand PillPack. However, the initial expansion phase appears focused on offering pharmacy services to Amazon employees in Washington. In his most recent webscrape, Tanquilut came across a new prescription license in WA, two pending Rx licenses in New Mexico and Indiana, and pharmacy technician and packaging/shipping job postings all linked to PillPack's Phoenix facility. These new developments signal the beginning of Amazon's prescription expansion via PillPack, Tanquilut tells investors in a research note. If Amazon were to rollout a more extensive PillPack offering to its own employee base, Rite Aid (RAD) could be most exposed to potential script transfers with Walgreens Boots Alliance (WBA) the least exposed among the public drugstores, says the analyst. He still believes that the impact of Amazon's pharmacy entry will take a while to materialize for drug stores CVS Health (CVS) and Walgreens.
12/14/18
GSCO
12/14/18
DOWNGRADE
Target $68
GSCO
Sell
Goldman downgrades Walgreens to Sell with $68 target, sees downside in 2019
Goldman Sachs analyst Robert Jones downgraded Walgreens Boots Alliance (WBA) to Sell from Neutral and lowered his price target for the shares to $68 from $73. The analyst says he struggles to make a "compelling fundamental case" for the Americas Healthcare Services Supply Chain heading into 2019 as "issues facing core growth drivers do not seem to be abating." Jones sees limited "core" growth for the large-cap names amid persisting sales and margin pressures and as drug pricing remains a regulatory focus. He downgrades Walgreens to Sell saying challenges in its retail pharmacy business "have intensified, forcing the company to search for other avenues of growth." Jones also keeps a Neutral rating on CVS Health (CVS) and Sell rating on Rite Aid (RAD).
12/20/18
LOOP
12/20/18
NO CHANGE
Target $1
LOOP
Hold
Rite Aid price target lowered to $1.00 at Loop Capital
Loop Capital analyst Andrew Wolf lowered his price target on Rite Aid to $1.00 from $1.35 and kept his Hold rating after its Q3 results. The analyst notes that while the company beat on earnings, it brought down the midpoint of its FY19 guidance, which suggests that the company is not yet an an operational inflection point. Wolf adds that while the stock trades at a discount to the drugstore group, he sees it as appropriate given the "higher debt leverage and subscale operations."

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BA

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DZSI

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$12.10

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REPH

Recro Pharma

$9.73

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DASAN Zhone

$12.10

-0.12 (-0.98%)

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Dow Jones Industrial Average

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CATS

Catasys

$13.19

-0.39 (-2.87%)

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USWS

U.S. Well Services

$7.74

-0.54 (-6.52%)

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ADIL

Adial Pharmaceuticals

$2.97

-0.12 (-3.88%)

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STNG

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NAVB

Navidea

$0.14

-0.0001 (-0.07%)

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SPY

SPDR S&P 500 ETF Trust

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BA

Boeing

$362.49

-10.2 (-2.74%)

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-4.01 (-1.47%)

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$179.98

-1.94 (-1.07%)

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AAPL

Apple

$190.97

-4.1 (-2.10%)

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RIVE

Riverview Financial

$11.20

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RIVE

Riverview Financial

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