PetSmart (PETM) Tops Q3 EPS by 8c, Offers Q4 Guidance, FY15 Comps Seen in Low-Single Digits

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Go back to PetSmart (PETM) Tops Q3 EPS by 8c, Offers Q4 Guidance, FY15 Comps Seen in Low-Single Digits

BofA/Merrill Lynch Upgrades PetSmart (PETM) to Neutral

November 19, 2014 6:59 AM EST

BofA/Merrill Lynch upgraded PetSmart (NASDAQ: PETM) from Underperform to Neutral with a price target of $80.00 (from $55.00).

Analyst Denise Chai said the announced cost savings, if executed, can deliver DD earnings growth even as comps remain challenging.

The firm raised 2014E EPS... More