Wells Fargo Maintains Equal-Weight on Petco Health and Wellness, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem has maintained an Equal-Weight rating on Petco Health and Wellness (WOOF) but lowered the price target from $3 to $2.

March 25, 2024 | 6:36 pm
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Wells Fargo maintains an Equal-Weight rating on Petco Health and Wellness but lowers the price target from $3 to $2.
The reduction in price target by Wells Fargo, a major financial institution, could lead to a negative short-term impact on Petco Health and Wellness's stock price. Investors often view such adjustments as a signal of expected performance, and a lower price target may reduce investor confidence in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100