Morgan Stanley Maintains Equal-Weight on Petco Health and Wellness, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Equal-Weight rating on Petco Health and Wellness (NASDAQ:WOOF) but lowers the price target from $9 to $5.
August 25, 2023 | 2:36 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley has lowered the price target for Petco Health and Wellness from $9 to $5, while maintaining an Equal-Weight rating.
The lowering of the price target by a major financial institution like Morgan Stanley indicates a less optimistic outlook for the company's stock. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100