Lake Street Downgrades PetMed Express to Hold, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Ryan Meyers has downgraded PetMed Express (NASDAQ:PETS) from Buy to Hold and lowered the price target from $7 to $3.5.
August 07, 2024 | 12:36 pm
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Lake Street analyst Ryan Meyers downgraded PetMed Express from Buy to Hold and reduced the price target from $7 to $3.5.
The downgrade from Buy to Hold and the significant reduction in the price target from $7 to $3.5 by Lake Street is likely to negatively impact the stock price of PetMed Express in the short term. This indicates a lack of confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100