Petco price target lowered to $4.05 from $5 at Jefferies

Jefferies analyst Kaumil Gajrawala lowered the firm’s price target on Petco (WOOF) to $4.05 from $5 and keeps a Hold rating on the shares. Petco enters 2025 with a fresh management team and a singular mission of improving fundamentals, and execution is becoming critical with several changes underway and core aspects of the business under review, the analyst tells investors in a research note. The firm added that further margin and cash flow progress will prove the existing asset base can deliver better returns.