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WBA - Rite Aid soars 17% following FY 2022 outlook boost helping other pharmacy names
Walgreens Boots Alliance Inc.
Rite Aid's (RAD +16.8%) raised fiscal year 2022 outlook is propelling not only its shares higher, but competitors as well. Total revenues for FY 22 are expected to be between $24.4B-$24.7B, while adjusted EBITDA is expected to be between $500M-$520M. Both Walgreens Boots Alliance (WBA +2.1%) and CVS Health (CVS +0.6%) are also higher today. Read why Seeking Alpha contributor Moonshot Equity Analysis believes Walgreens is a better pick over Rite Aid.