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Petco price target raised to $4.15 from $4.05 at Jefferies

Jefferies raised the firm’s price target on Petco (WOOF) to $4.15 from $4.05 and keeps a Hold rating on the shares. Early proof points in the first half of the year are “encouraging” and the business will be on better footing if the next few quarters follow a similar dynamic, but “there is still stabilization work to do,” the analyst tells investors following the company’s Q2 report.

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