Morgan Stanley Maintains Equal-Weight on Petco Health and Wellness, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Petco Health and Wellness (NASDAQ:WOOF) but reduced the price target from $5 to $3.
December 04, 2023 | 4:06 pm
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Morgan Stanley has maintained its Equal-Weight rating on Petco Health and Wellness but lowered its price target from $5 to $3, potentially indicating a bearish outlook.
The reduction in price target by a major analyst like Morgan Stanley suggests that they see less upside potential in WOOF's stock price, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
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