Barclays downgraded Pet Valu (PTVLF) to Equal Weight from Overweight with a price target of C$17, down from C$28. The company reported a Q1 earnings miss and lowered its fiscal 2026 guidance for adjusted EBITDA margin and earnings to below consensus, the analyst tells investors in a research note. Barclays cites Pet Valu’s heightened operational risk in an uncertain macro backdrop for the downgrade.
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