Drug Stocks: Rite Aid Corporation (NYSE:RAD), Walgreen Company (NYSE:WAG), CVS Caremark (NYSE:CVS), GNC Holdings (NYSE:GNC), PharMerica (NYSE:PMC)

Rite Aid Corporation (NYSE:RAD) announced today a new program, Rite Aid Health Alliance, a pioneering health management collaboration among various healthcare providers that provides comprehensive care and support to individuals with chronic and poly-chronic health conditions and helps them achieve health improvement goals established by their physicians. Rite Aid Corporation (NYSE:RAD) stock opened at $6.53 in last trading session, and closed at $6.43, trading in the range of $6.38 – $6.53. The stock showed a negative weekly performance of -2.28%.

Investment analysts at Susquehanna raised their target price on shares of Walgreen (NYSE:WAG) from $67.00 to $80.00 in a note issued to investors on Tuesday, Analyst Ratings News reports. Susquehanna’s price objective would suggest a potential upside of 18.69% from the company’s current price. Walgreen Company (NYSE:WAG) shares closed at $66.78 on last trade day, by losing -0.64%. Stock 52 week range is $40.15 – $69.84. Company’s market capitalization is $63.45 billion.

CVS Caremark (NYSE:CVS) stock had its “neutral” rating restated by Zacks in a research note issued to investors on Wednesday, AR Network reports. They currently have a $76.00 price target on the stock. Zacks’ price objective points to a potential upside of 5.32% from the stock’s previous close. CVS Caremark Corporation (NYSE:CVS) stock opened at $73.42 in last trading session and closed at $73.57. The 52 week range of the stock is $51.77 – $73.89 and the day range was $73.13 – $73.70.

GNC Holdings (NYSE:GNC) was downgraded by research analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a report released on Friday, TheFlyOnTheWall.com reports. They currently have a $54.00 price target on the stock, down from their previous price target of $72.00. Goldman Sachs’ price objective indicates a potential upside of 20.75% from the company’s current price. GNC Holdings Inc (NYSE:GNC) stock advanced 0.37% and finished the last session at $48.40. The EPS of the stock remained 2.69. Company’s market capitalization is $4.61 billion.

PharMerica Corporation (NYSE:PMC), a national provider of institutional, specialty home infusion, hospital and oncology pharmacy services, today announced that Gregory Weishar, Chief Executive Officer, will make a presentation regarding the Company at the Barclays Global Healthcare Conference in Miami, Florida on Thursday, March 13, 2014, at 8:00 a.m. Eastern Time. PharMerica Corporation (NYSE:PMC) stock advanced 0.04% and finished the last session at $24.96. The EPS of the stock remained 0.60. Company’s market capitalization is $734.55 billion.

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