- Jefferies analyst Stephanie Wissink downgraded Petco Health And Wellness Co Inc WOOF to Hold from Buy with an unchanged price target of $26.
- Wissink said comparable-store sales growth normalization in the quarters ahead might be underestimated by the current consensus view while reassessing her vet assumptions given challenging labor conditions.
- While she pauses for fair value, Wissink notes she still favors Petco's long-term strategy and growth opportunity.
- Price Action: WOOF shares traded higher by 0.18% at $24.78 on the last check Monday.
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