Baird Maintains Neutral on Petco Health and Wellness, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Justin Kleber has maintained a Neutral rating on Petco Health and Wellness (WOOF) and reduced the price target from $3 to $2.5.

March 14, 2024 | 10:25 am
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Baird analyst Justin Kleber maintains a Neutral rating on Petco Health and Wellness, with a reduced price target from $3 to $2.5.
The reduction in price target by Baird, a reputable financial firm, could lead to a negative short-term sentiment among investors, potentially causing a decrease in WOOF's stock price. The maintenance of a Neutral rating indicates no significant positive catalysts are expected to drive the stock price higher in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100