Evercore ISI Group Maintains In-Line on Petco Health and Wellness, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Oliver Wintermantel has maintained an In-Line rating on Petco Health and Wellness (WOOF) but lowered the price target from $4 to $3.

March 15, 2024 | 12:58 pm
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Evercore ISI Group maintains an In-Line rating on Petco Health and Wellness but lowers the price target from $4 to $3.
The reduction in the price target by Evercore ISI Group, a reputable analyst firm, could lead to negative investor sentiment towards WOOF in the short term. Investors often look to analyst ratings and price targets as indicators of a stock's future performance. A lower price target suggests that the analyst sees less upside potential, which could result in a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100