UBS Maintains a 'Buy' on PetSmart (PETM); Meeting with Management Confirms Consistency in Business Model
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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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UBS maintains a 'Buy' on PetSmart (NASDAQ: PETM) price target raised from $62 to $64.
UBS analyst said, "This stability comes not only from the favorable demand conditions of the pet supply market, but also from the disciplined and analytic manner in which PETM is run. The management team has gelled in recent years and coalesced around this formula of generating 2%-4% comp growth, moderate margin expansion & active deployment of capital back to shareholders. We expect this algorithm will continue to generate at least mid to high teens shareholder return for the fore seeable future."
For an analyst ratings summary and ratings history on PetSmart click here. For more ratings news on PetSmart click here.
Shares of PetSmart closed at $57.32 yesterday.
UBS analyst said, "This stability comes not only from the favorable demand conditions of the pet supply market, but also from the disciplined and analytic manner in which PETM is run. The management team has gelled in recent years and coalesced around this formula of generating 2%-4% comp growth, moderate margin expansion & active deployment of capital back to shareholders. We expect this algorithm will continue to generate at least mid to high teens shareholder return for the fore seeable future."
For an analyst ratings summary and ratings history on PetSmart click here. For more ratings news on PetSmart click here.
Shares of PetSmart closed at $57.32 yesterday.
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