Rite Aid Stock Plummets. Why This Analyst Believes the Shares Could Fall to $1.

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Rite Aid stock was plunging Thursday after Deutsche Bank cut its rate target for the stock to a brand-new Wall Street-low ahead of the drugstore seller’s profits report next week.

The shares were down 24.4% to $6.39 on Thursday. The stock has lost about 56% this year.

Deutsche Bank expert George Hill reduced Rite Aid (ticker: RAD) to…


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