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Pastimes : John Dessauer's Investors World

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To: polarisnh who wrote (2306)9/27/2000 10:22:36 AM
From: Paul Lee   of 2346
 
RESEARCH ALERT-DLJ ups Rite Aid to market perform
NEW YORK, Sept 27 (Reuters) - Donaldson Lufkin & Jenrette analyst Ed Comeau on Wednesday said he raised his rating for No. 3 U.S. drugstore chain Rite Aid Corp. (NYSE:RAD - news) to market perform from underperform.

-- Comeau said in a research note: ``as the selloff of the shares may be approaching an end and the near-term outlook appears to be stabilising from an operational and liquidity standpoint.''

-- said he still believes the company's long-term outlook remains ``quite uncertain and the shares offer little more than a speculative call at this point.''

-- shares of Rite Aid closed at $3-1/8 on the New York Stock Exchange on Tuesday
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