Nomura Securities maintains a 'Buy' on PetSmart (PETM); Preview of Upcoming Analyst Day
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Price: $82.98 --0%
Rating Summary:
2 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on PetSmart (NASDAQ: PETM) price target of $55.00.
Nomura analyst, Aram Rubinson, said, "PETM will host a brief Analyst Day in New York (Midtown) on Thursday, October 13. We do not believe the meeting will change the Street’s view of PETM, but it is likely to be a good forum for newer investors. PETM is by far our favorite idea. From our conversations, it seems as if the story often gets overlooked. That is despite the fact that the pet category is among the best categories in retail. We do not expect the meeting to be a lightning rod for the stock, but we are eager to hear management’s remarks on a number of key but familiar topics: innovation, depreciation, leverage and the Internet."
For more ratings news on PetSmart click here and for the rating history of PetSmart click here.
Shares of PetSmart closed at $43.07 yesterday.
Nomura analyst, Aram Rubinson, said, "PETM will host a brief Analyst Day in New York (Midtown) on Thursday, October 13. We do not believe the meeting will change the Street’s view of PETM, but it is likely to be a good forum for newer investors. PETM is by far our favorite idea. From our conversations, it seems as if the story often gets overlooked. That is despite the fact that the pet category is among the best categories in retail. We do not expect the meeting to be a lightning rod for the stock, but we are eager to hear management’s remarks on a number of key but familiar topics: innovation, depreciation, leverage and the Internet."
For more ratings news on PetSmart click here and for the rating history of PetSmart click here.
Shares of PetSmart closed at $43.07 yesterday.
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