Shares of Rite Aid Corporation RAD have surged more than 17.6 percent in the past three months, as the stock has recently made a push make new all-time highs. With the company set to release earnings on Thursday, is now the time for traders to be taking profits in the drug store, or is the sky the limit for Rite Aid’s stock?
In the past couple of weeks, several top Wall Street firms have weighed in on Rite Aid. Here’s a summary of what they believe is in store for investors.
UBS
UBS analysts believe that the foundation is in place for Rite Aid to exceed Wall Street earnings consensus “by a fairly wide amount.” UBS has a Buy rating on Rite Aid and a $10 target for the stock.
Credit Suisse
Credit Suisse analysts believe that Rite aid “provides one of the more compelling risk/reward profiles in our space.” The firm has an Outperform rating on Rite Aid and a $10 target for the stock.
Deutsche Bank
Deutsche Bank analysts see…
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