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Deutsche Bank Stops Short On Rite Aid: Downgrades To Hold

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Rite Aid Corporation RAD 0.93% reported its F4Q results largely in line with expectations, although the top line missed the estimate.

Deutsche Bank’s George Hill downgraded the rating on the company from Buy to Hold, with a price target of $9.

F4Q Results

Rite Aid reported its EBITDA marginally ahead of the estimate, driven by both segments coming in largely in line with...