UPDATE: Morgan Stanley Reiterates On PetSmart On Multiple Catalysts Ahead

by Benzinga Staff
August 20, 2014 7:51 AM | 19 seconds read | Make a Comment

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In a report published Wednesday, Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on

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PetSmart (NASDAQ: PETM), but removed the $71.00 price target.In the report, Morgan Stanley noted, “Modestly better earnings, maintained guidance, performance enhancement plans and the exploration of strategic alternatives should lift the stock tomorrow and keep a floor underneath it in the near term.”PetSmart closed on Tuesday at $69.70.
Posted In: Analyst ColorPrice TargetAnalyst RatingsMorgan StanleySimeon Gutman

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