Wells Fargo Downgrades Petco Health and Wellness to Equal-Weight
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem has downgraded Petco Health and Wellness (WOOF) from Overweight to Equal-Weight.
November 29, 2023 | 6:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo analyst Zachary Fadem downgraded Petco Health and Wellness from Overweight to Equal-Weight, potentially affecting investor sentiment and the stock's market performance.
Downgrades by analysts can lead to a negative short-term reaction in the stock market as they may indicate a less favorable outlook on the company's future performance. This downgrade could lead to a decrease in investor confidence and a potential drop in the stock price of WOOF in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100