Jefferies Downgrades Petco To Hold - Read Why

  • Jefferies analyst Stephanie Wissink downgraded Petco Health And Wellness Co Inc WOOF to Hold from Buy with an unchanged price target of $26.
  • Wissink said comparable-store sales growth normalization in the quarters ahead might be underestimated by the current consensus view while reassessing her vet assumptions given challenging labor conditions.
  • While she pauses for fair value, Wissink notes she still favors Petco's long-term strategy and growth opportunity.
  • Price Action: WOOF shares traded higher by 0.18% at $24.78 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsDowngradesAnalyst RatingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!