Jefferies Sees In-Line Q4 Results from PetSmart (PETM), Maintains Hold Rating
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Price: $82.98 --0%
Rating Summary:
2 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies lifted estimates and its price target on PetSmart (NASDAQ: PETM) from $44 to $50, but maintained its Hold rating ahead of Q4 results on 2/29.
The firm comments, "We expect PetSmart to report a 4-5% comp stores sales gain and $0.89 per share, in line with Street estimates. We are adjusting our FY13 EPS estimate up to $2.96 to more appropriately reflect the likely EPS benefit from the 53rd week."
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 $55.07 yesterday.
The firm comments, "We expect PetSmart to report a 4-5% comp stores sales gain and $0.89 per share, in line with Street estimates. We are adjusting our FY13 EPS estimate up to $2.96 to more appropriately reflect the likely EPS benefit from the 53rd week."
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 $55.07 yesterday.
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