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Rite Aid shares could be cut in half if Walgreens deal fails, analyst says

Mar. 21, 2017 2:59 PM ETRite Aid Corporation (RADCQ) StockRADCQ, FRED, WBABy: Carl Surran, SA News Editor168 Comments
  • Rite Aid (RAD -4.4%) could tumble to as low as $2.25 in a worst case scenario - more than 50% from current levels - if its merger with Walgreens Boots Alliance (WBA -1.3%) fails to go through, Deutsche Bank analyst George Hill warns, adding that WBA shares have downside to the $73-$79 range, or as much as 14%.
  • According to TheFly.com, Hill believes a key to WBA's decision to certify compliance with the FTC's second request to address concerns about the proposed merger could involve the agency's current makeup, which has three vacant seats along with the Republican chair and a Democrat member.
  • Hill has a Buy rating on WBA with a $92 price target, which excludes RAD.

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