Jefferies Initiates Coverage On Petco Health and Wellness with Hold Rating, Announces Price Target of $3.11
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Kaumil Gajrawala has initiated coverage on Petco Health and Wellness (NASDAQ:WOOF) with a Hold rating and set a price target of $3.11.

December 19, 2023 | 11:01 am
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NEUTRAL IMPACT
Jefferies has initiated coverage on Petco Health and Wellness with a Hold rating and a price target of $3.11.
The initiation of coverage by Jefferies with a Hold rating typically suggests a neutral outlook on the stock's performance in the short term. The price target of $3.11 provides a benchmark for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about Petco. The importance is moderate to high because analyst ratings can influence investor perception and stock price, but since it's a Hold rating, the impact may not be as significant as a Buy or Sell rating. The confidence level is high due to the credibility of Jefferies as a financial analyst firm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100