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Benzinga
Benzinga
Business
Adam Eckert

BIZARRE: Why rite aid shares are falling today - What They Never Told You

Rite Aid George Hill Deutsche Bank NYSE Rite Aid Corp

Rite Aid Corp (NYSE:RAD) shares are trading significantly lower Thursday after Deutsche Bank analyst George Hill downgraded the stock from a Hold rating to a Sell rating and lowered the price target from $16 to $1.

According to reports, Hill believes Rite Aid is in decline and that the company may be running low on cash. He notes that the pandemic may have had lasting impacts on retail pharmacies. 

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