Jefferies lowers Petco Health & Wellness stock price target to $4.05 from $4.15
NegativeFinancial Markets

- Jefferies has reduced the stock price target for Petco Health & Wellness to $4.05 from $4.15, reflecting a cautious outlook on the company's market performance. This adjustment comes amid a challenging environment for pet care companies, where stock valuations are under scrutiny.
- The lowered price target indicates potential concerns regarding Petco's financial stability and market competitiveness, particularly as investors assess the company's ability to navigate fluctuating sales and profitability metrics.
- This development highlights a broader trend in the pet care sector, where companies like Central Garden & Pet have also faced stock declines despite reporting strong earnings. Such mixed market reactions suggest that investors remain wary of the sustainability of profitability in the face of declining sales.
— via World Pulse Now AI Editorial System







