Rite Aid stock dives after Deutsche Bank slashed target to $1, warns of a 'dramatic negative inflection point' - MarketWatch

Fiscal 2023 guidance appears ‘unattainable,’ creating risk that the drugstore chain’s equity may have no value

Shares of Rite Aid Corp. dove toward a 2 1/2-year low Thursday, after Deutsche Bank analyst George Hill issued a dire warning that the drugstore chains equity could be worthless.Hill cut his rating o… [+1952 chars]

full article...