DALLAS, Feb. 19, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Rite Aid Corp. (NYSE:RAD). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/RAD
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Rite Aid Corp. (RAD) is one of the leading operators of retail drugstores in the United States. In its stores, the Company sells prescription drugs and an assortment of other merchandise, which it calls front-end products. It offers approximately 28,000 front-end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing. The Company markets its products primarily under the Rite Aid brand. As of February 28, 2009, RAD operated 4,901 stores in 31 states across the country and in the District of Columbia.
Message Board Search for RAD: http://www.boardcentral.com/boards/RAD
In the report, the analyst notes:
"RAD shares traded higher yesterday amid speculation that it could be the next takeover target for some competing pharmacies, following news of Walgreen's $1.08 billion acquisition of Duane Reade. According to UBS analyst Neil Currie, rivals Walgreen, CVS Caremark or Wal-Mart Stores would have good reason to consider buying at least some of RAD's stores.
"Noting Walgreen's acquisition of Duane Reade, Curie stated that RAD is the last remaining major drug store asset in the United States with meaningful exposure to dense urban markets. UBS maintains a Buy rating and $4 per share price target on RAD."
To read the entire report visit: http://www.stockpreacher.com/n/RAD
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