RBC Capital Maintains Outperform on Petco Health and Wellness, Lowers Price Target to $7
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Steven Shemesh has maintained an 'Outperform' rating on Petco Health and Wellness (NASDAQ:WOOF), but lowered the price target from $10 to $7.

August 25, 2023 | 1:49 pm
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RBC Capital has maintained an 'Outperform' rating on Petco Health and Wellness but lowered the price target from $10 to $7.
The news is directly about Petco Health and Wellness (WOOF). While the 'Outperform' rating is maintained, the lowering of the price target could indicate a potential decrease in the stock's value. However, the impact on the stock price is uncertain in the short term as the 'Outperform' rating suggests that the analyst still expects the stock to do better than the market average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100