Wedbush Reiterates Outperform on PetSmart

Wedbush is out with its report today on PetSmart PETM, reiterating Outperform. In its report, Wedbush writes, "Reiterate OUTPERFORM as we believe PetSmart is the best-positioned specialty pet retailer with a strong management team and track record of strong execution." Wedbush maintains a $54 PT on PETM. At the time of posting, shares of PETM were trading at $41.18, down 0.91% from Wednesday's close.