Morgan Stanley Maintains Equal-Weight on Petco Health and Wellness, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Equal-Weight rating on Petco Health and Wellness (NASDAQ:WOOF) and lowers the price target from $10 to $9.
May 25, 2023 | 11:59 am
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Morgan Stanley maintains an Equal-Weight rating on Petco Health and Wellness (NASDAQ:WOOF) and lowers the price target from $10 to $9.
The lowered price target from $10 to $9 by Morgan Stanley analyst Simeon Gutman may have a negative short-term impact on WOOF's stock price. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the reduced price target indicates a lower potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100