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.
Don’t Miss TipRanks’ Half-Year Sale
- 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 WOOF:
- Petco Health and Wellness Faces Challenges Amid Declining Sales and Market Share Risks
- Petco price target raised to $3.50 from $3 at Wells Fargo
- Petco Reports Q1 2025 Results, Reaffirms Outlook
- Closing Bell Movers: Lululemon falls over 20% on soft guidance
- Petco Reports Q1 2025 Financial Results Amid Sales Dip