UPDATE: Imperial Capital Re-Initiates Coverage on Rite Aid on Improved Execution with Further Upside Ahead

In a report published Thursday, Imperial Capital analyst Lee J. Giordano re-initiated coverage on Rite Aid Corporation (NYSE: RAD ) with an Outperform rating and $6.50 price target. In the report, Imperial Capital noted, “We are re-initiating coverage of Rite Aid Corporation with an Outperform rating and one-year price target