Needham Maintains Buy on Petco Health and Wellness, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Anna Andreeva maintains a Buy rating on Petco Health and Wellness (NASDAQ:WOOF) but lowers the price target from $15 to $12.
May 24, 2023 | 4:13 pm
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Needham analyst Anna Andreeva maintains a Buy rating on Petco Health and Wellness (NASDAQ:WOOF) but lowers the price target from $15 to $12.
The news of Needham maintaining a Buy rating on Petco Health and Wellness indicates a positive outlook for the company. However, the lowering of the price target from $15 to $12 suggests a more conservative valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100