Wedbush Reiterates Outperform on PetSmart

Wedbush is out with its report today on PetSmart (NASDAQ: PETM), reiterating Outperform.

In its report, Wedbush writes, "Reiterate OUTPERFORM as we believe PetSmart is the best-positioned specialty pet retailer with a strong management team and track record of strong execution."

Wedbush maintains a $54 PT on PETM.

At the time of posting, shares of PETM were trading at $45.51, up 1.45% from Thursday's close.