BofA analyst Kendall Toscano raised the firm’s price target on Petco (WOOF) to $3 from $2.75 and keeps an Underperform rating on the shares. The firm raised its FY26 adjusted EBITDA and adjusted EPS estimates to reflect Q3 upside, but sees continued same-store sales/traffic softness in the near-term as well as longer-term risk that market share erosion could continue, the analyst tells investors.
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