Rite Aid Seeks Chapter 11 Relief; Bullish View On UnitedHealth
- October 16th, 2023
- 476 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
-
Earnings Countdown: Lockheed Martin, Stryker, and PACCAR Gear Up
January 26th, 2025Earnings Spotlight: SoFi Technologies, Sanmina, and Nucor Set to Report
January 26th, 2025Global Flag Football League Plans To Host Pro Flag Football Tournament in Las Vegas
January 23rd, 2025Earnings On Deck: Netflix, United Airlines, and Agilysys Gear Up
January 19th, 2025
Member Login