RBC Capital Maintains Outperform on Petco Health and Wellness, Raises Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh maintains an Outperform rating on Petco Health and Wellness (NASDAQ:WOOF) and raises the price target from $3 to $3.5.
September 11, 2024 | 2:12 pm
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RBC Capital has increased its price target for Petco Health and Wellness from $3 to $3.5, maintaining an Outperform rating. This suggests confidence in the company's future performance.
The increase in price target from $3 to $3.5 by RBC Capital, along with maintaining an Outperform rating, indicates a positive outlook on Petco's future performance. This is likely to boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100