Wedbush Maintains Outperform on Petco Health and Wellness, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has maintained an Outperform rating on Petco Health and Wellness (NASDAQ:WOOF) but has lowered the price target from $4.5 to $3.5.

November 30, 2023 | 2:07 pm
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Wedbush analyst maintains Outperform rating on WOOF but reduces price target to $3.5, indicating potential upside but with caution.
The maintenance of an Outperform rating suggests that Wedbush still sees potential in Petco Health and Wellness, which could be positive for the stock. However, the reduction in the price target may reflect a more cautious outlook on the company's valuation or expected performance, which could temper investor enthusiasm in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100