Canaccord lowered the firm’s price target on Central Garden & Pet to $49 from $52 and keeps a Buy rating on the shares. After conducting a survey of 70 customer doors to assess sales performance, business trends, and brand strength, Canaccord says this season does not appear to be the bounce back the firm was waiting for after two poor weather years.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CENT: