RBC Capital Maintains Outperform on Petco Health and Wellness, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained an Outperform rating on Petco Health and Wellness (WOOF) but has reduced the price target from $7 to $3.5.
December 04, 2023 | 2:36 pm
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RBC Capital analyst reaffirms Outperform rating on WOOF but slashes price target by 50% from $7 to $3.5, indicating a potential downside from previous expectations.
The reduction in price target by RBC Capital is a significant adjustment, suggesting that the analyst sees less upside potential for WOOF than previously anticipated. This could lead to short-term negative sentiment among investors and potentially a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100