STRONG EARNINGS FROM RITE AID BUT A BUYOUT IS THE LURE $RAD $CVS $WBA $KR
This post was just published on ZYX Buy Change Alert.
RAD is long from an average of $4.96. As of this writing RAD is trading at $8.26. 60% of the full core position size is being held. Partial profits have been taken as high as $7.38.
RAD reported earnings better than the consensus but in line with our expectations. However, the lure is the potential buyout by the likes of WBA, CVS, and KR.
The buy zone remains is $6.33 to $7.37. The target zone remains $11 to $12.40. The very long-term target remains $14 to $16.
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April 8, 2015