Rite Aid’s (RAD) outlook is a hot mess — so hot the company may not be in business much longer.
At least that’s the word from Deutsche Bank analyst George Hill, who issued a damning downgrade of the struggling retailer on Thursday.
Hill slashed his rating on Rite Aid to Sell and slapped the stock with a $1 price target. Most worrisome — at least if one still owns Rite Aid’s stock — is that Hill suggests Rite Aid may go under.
“We see a likely risk that the company provides guidance next…
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