Invest in Rite Aid Corporation (RAD) Stock with the prospect of future returns

Deutsche Bank lowered the price target for the Rite Aid Corporation (NYSE:RAD) stock from ‘a Hold’ to ‘a Sell’. The rating was released on April 07, 2023, according to finviz. We previously noted in another research note published on June 25, 2021 by JP Morgan that downgraded the stock from a Neutral to an Underweight with a price target of $12 for RAD stock. The research report from Deutsche Bank has reiterated the stock to Hold, with a price target set at $27. The stock was upgraded by Deutsche Bank, who disclosed in a research note on April 17, 2020, from Sell to Hold and set the price objective to $12.