Piper Jaffray Reiterates Overweight Rating On PetSmart

According to Piper Jaffray, PetSmart PETM Overweight rating is reiterated. Piper Jaffray said that it reiterates its OW rating and $53 PT into the Q2 earnings call. “We believe the recent weakness in the stock due to difficult market conditions presents a compelling opportunity to acquire shares.” PetSmart closed on Friday at $41.85.