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Petco price target lowered to $4.50 from $5 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Petco (WOOF) to $4.50 from $5 and keeps an Equal Weight rating on the shares. While margins are being managed well, the business is in the early stages of implementing self-help initiatives, which likely pushes out the return to sustainable topline growth, the analyst tells investors.

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