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Rite Aid plummets 25% after Deutsche Bank slashes price target to $1 as COVID-19 'hastens the decline' of the company's retail pharmacy business

Willy Churchill leaves a Rite Aid store in Oakland, California.Reuters/Noah Berger Rite Aid shares dropped as much as 25% on Thursday following a ratings and price-target downgrade at Deutsche Bank. The retail pharmacy chain may miss its 2023 indication to bring in $430 million in annual adjusted EBITDA. “Unfortunately, we […]