Rite Aid Seeks Chapter 11 Relief; Bullish View On UnitedHealth
- October 16th, 2023
- 627 views
Rite Aid Corporation (NYSE: RAD) said that it has initiated a Chapter 11 filing, outlining a financial restructuring plan to reduce debt, increase financial flexibility, and support key business initiatives. The move aims to continue serving the nearly one million customers it serves daily.. The plan includes securing $3.45 billion in new financing, providing essential liquidity throughout the process.
In other news, UBS has upgraded UnitedHealth Group Incorporated (NYSE: UNH), a leading healthcare and health insurance provider, from Neutral to Buy and announced a price target of $640.
Despite closing at $539.40 on Friday, the price target suggests a potential upside of $100.60 or approximately 18.66% for $UNH, according to the financial services firm's view.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
February 27th, 2026February 26th, 2026
Treasury Sanctions Nicaraguan Officials Enabling the Murillo-Ortega Dictatorship's Repression
February 26th, 2026Kansas City Storm Names Cecil Stockdale as Head Coach for 2026 NJCP Season
February 26th, 2026Dallas Stampede Announces Open Tryouts for Scholarship Opportunities
February 25th, 2026
Member Login