Tag: Wall Street
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Amazon should buy Rite Aid so it can start selling drugs, Cowen analyst suggests
Amazon should acquire acquire Rite Aid to obtain state pharmacy licenses and add a regulatory-cleared infrastructure, according to one Wall Street analyst on Tuesday. If Amazon were to launch pharmacies in Whole Foods, on Prime and Prime Now, an acquisition of Rite Aid would accelerate market share gains, according to Cowen analyst John Blackledge. Rite Aid offered no comment…