Wells Fargo Maintains Overweight on Petco Health and Wellness, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem has maintained an Overweight rating on Petco Health and Wellness (NASDAQ:WOOF) but lowered the price target from $11 to $7.
August 25, 2023 | 1:00 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Overweight rating on Petco Health and Wellness but lowered the price target from $11 to $7.
The lowering of the price target by Wells Fargo indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100