In This Article:
BofA raised the firm’s price target on Petco (WOOF) to $2.10 from $1.75 and keeps an Underperform rating on the shares. Following the company’s Q4 report and FY26 guidance, the firm raised its own FY26E adjusted EPS view 4c to 9c and its FY27 adjusted EPS estimate by 4c to 14c, but applies a lower multiple to reflect expectations for a more prolonged return to same-store sales momentum. The firm sees risk that long-term market share erosion could continue for Petco as consumers migrate to online and broadline competitors with greater convenience and/or value offerings, the analyst tells investors.
Don't Miss Our End of Quarter Offers:
-
Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks.
-
Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WOOF: